Experiments on friction drag reduction by injecting polymer (Polyethylene oxide) solution or micro-bubbles were carried out in the cavitation tunnel of KRISO. Two different drag reduction mechanisms were applied to a slender axi-symmetric body to measure the total drag reduction. And then the amount of friction drag reduction was estimated under the assumption that the reduction mechanisms were effective only to the friction drag component. As the result of the tests, polymer solution drag reduction up to 23％ of the total drag was observed and it corresponds to about 35％ of the estimated friction drag of the axi-symmetric body. This result matched reasonably well to that of the flat plate test "(Kim et al, 2003)". The normalization of the controlling parameters was tried at the end of this paper. Micro-bubble drag reduction was within 1％ of its total drag. This unexpected result was quite different from that of the flat plate case "(Kim et at, 2003)" The possible reasons were discussed in this paper.