An experiment method has been developed to analyse the vibration characteristics of marine propeller blades, and vibration tests have been carried out on the model scale propeller in air and in water. The driving point transfer function(acceleration/excitation force) has been measured and modified by compensating the attachment effect of the impedance head. The measured natural frequencies in air have been compared with the theoretical results by an in-house FEM code PROSTEC. The added masses have been derived by comparing the measured natural frequencies in air and in water, and the results have been compared to the results using existing formula based on experience.