An axisymmetric shell element which includes the effects of the meridional and circumferential cable prestresses is developed. The fluid-structure interaction is expressed as added mass effect which is in proportion to the acceleration of the structure in interface surface. The added mass is obtained by using finite element method under the assumption that the fluid is invicid, incompressible and irrotational. It is coded for personal computer by the maximum use of axisymmetic properties and the dynamic analysis are performed under seismic exitations. A ring element makes the characteristics of the axisymmetric shell to be fully utilized. The elgenvalue solutons under the initial prestresses and the internal fluid are well agreed with the exact solutions and references by using under 20 elements. The eigenvalues are decreased along the increasing the height of internal fluid and these effects are dominant under the lower wave numbers. The results of the seismic analysis show that the radial deflection under the meridional prestress is a little larger than that under the circumferential prestress.