The governing equation and force-displacement rotations of a beam-column element on elastic foundation we derived based on variational approach of total potential energy. An exact static and dynamic 4×4 element stiffness matrix of the beam-column element is established via a generalized lineal-eigenvalue problem by introducing 4 displacement parameters and a system of linear algebraic equations with complex matrices. The structure stiffness matrix is established by the conventional direct stiffness method. In addition the F. E. procedure is presented by using Hermitian polynomials as shape function and evaluating the corresponding elastic and geometric stiffness and the mass matrix. In order to verify the efficiency and accuracy of the beam-column element using exact dynamic stiffness matrix, buckling loads and natural frequencies are calculated for the continuous beam structures and the results are compared with F E. solutions.