Ths study was peformed to evaluate the degree of degradation and safety of a small agricultural reservoir, Kosam Reservoir, in Kyungki Province. Evaluation was done by the program developed by the authors. Results of the study are as follows: 1) Although many burrows were found in downstream side of embankment and cracks were found in wall joining spillway, it appeared that degree of degradation of embankment was in good conditions. 2) Compressive strengths of concrete of crest, side channel, chute floor of spillway were in poor condition. But it appeared that overall degree of degradation of structures was in medium condition based on the criteria of the evaluation system 3) From the analysis of slope stability, safety factor of downstream slope was over 3.3 for the worst condition, such as flood and high water level and that of upstream slope was also over 3.6 for rapid drawdown. In case of earthquake, safety factors were over 2.5 for all conditions. Therefore embankment slopes of Kosam Reservoir were very stable for normal and earthquake condition. 4) As upon assumed failure of embankment of Kosam Reservoir, degree of damage was estimated to be very serious because of many loss of life and properties in the downstream area. 5) Overall grade of safety of Kosam Reservoir was in good condition. Therefore safety was considered to be "No problems" at the present time but further degradation may be proceeded partly and continuously as time goes by.e goes by.