In fly ash-lime system the effects of reaction condition amounts of gypsum and cement and CaO/SiO2 ratio on the hydrates by hydrothermal reaction were investigated. The tobermorite phases were not observed in hy-drothermal reaction of fly ash lime because of the hydrate rate was very slow. The compressive strength and the hydration rate increased with increasing the amount of gypusm and cement and the optimum amounts of gypsumo and cement were 5wt and 20wt% respectively. The specimen which CaO/SiO2 ratio is 0.85 was shown the maximum compressive strength and the tobermorite phase within reaction time 2 hours.