Modal vibration characteristics of a thin annular disk containing narrow radial slots are studied numerically and experimentally. Existing analytical solution is examined based on these results revealing that it can not precisely predict eigenvalues of the disk with slots since it does not accurately consider change in the vibration modes and change in strain energy density distributions due to the slots. Parametric study on slot length found that distortions in the mode shape as well as changes in the corresponding natural frequencies are proportional to the slot length. Consequently, errors in the calculated eigenvalues are also proportional to the slot length and accurate data can not be obtained with existing analytical solution above a certain level of slot length. Same phenomena can be observed in both free-free disk and fixed-free disk.