This study deals with the free vibration of two identical circular plates coupled with a bounded fluid. An analytical method based on the finite Fourier-Bessel series expansion and Rayleigh-Ritz method is suggested. In the theory, it is assumed that the ideal fluid in a rigid cylindrical container and the two plates are clamped along the plate edges. The proposed method is verified by the finite element analysis using commercial program with a good accuracy. Two transverse vibration modes, namely in-phase and out-of-phase, are observed alternately in the fluid-coupled system when the number of nodal circles increases for the fixed nodal diameter. The effect of gap between the plates on the fluid-coupled natural frequencies sis also investigated.