Rotating annular disks are widely used in data storage devices such as CDs, DVDs(digital versatile disks), and HDs(hard disks). Higher data transfer rate in data storage disks could not be achieved by polycarbonate disks in the present market. The problem can be solved by applying the fiber-reinforce composite materials to the disks. In this paper, an application of composite materials to rotating disks is proposed to increase the critical speed. Dynamic equation is formulated in order to calculate the natural frequency and critical speed for rotating composite disks by the Galerkin method. The orthogonal functions are used in series solution. A companion paper(Part II) presents and discusses the numerical results of vibration analysis and critical speed for rotating polar orthotropic disk using the formulation and solution method given in this paper (Part I).