The ultrasonic velocity and dynamic MOE of acetylated bamboos were investigated using PUNDIT, a transit time measuring device for longitudinal ultrasonic propagation. Bamboo specimens were boiled in acetic anhydride for 2, 4 and 6 hours, and the maximum average WPG (Weight Percentage Gain) of 19% was obtained at 6 hours. The volumes of acetylated bamboos increase with boiling time and WPG, while as WPG increases their oven-dry densities generally increase with a concave around 5% WPG. This oven-dry density pattern likely influences the trends of ultrasonic velocity and dynamic MOE. which generally decrease with a convex around 5% WPG. It is postulated that during boiling extractives in a bamboo move and aggregate at its surfaces transiently, resulting in the increase of ultrasonic velocity and dynamic MOE. To explain the fact that ultrasonic velocity varies with WPG a simple model was proposed and some ultrasonic properties of a transmitted wave were examined.