The objective of this study is to evaluate the hydrologic impacts of climate and land use changes in a rural small watershed. HadCM3 (Hadley Centre Coupled Model, ver.3) A2 scenario and LARS-WG (Long Ashton Research Station - Weather Generator) were used to generate future climatic data. Future land use data were also generated by the CA-Markov (Cellular Automata-Markov) method. The Soil and Water Assessment Tool (SWAT) model was used to evaluate hydrologic impacts. The SWAT model was calibrated and validated with stream flow measured at the Baran watershed in Korea. The SWAT model simulation results agreed well with observed values during the calibration and validation periods. In this study, hydrologic impacts were analyzed according to three scenarios: future climate change (Scenario I), future land use change (Scenario II), and both future climate and land use changes (Scenario III). For Scenario I, the comparison results between a 30-year baseline period (1997~2004) and a future 30-year period (2011~2040) indicated that the total runoff, surface runoff, lateral subsurface runoff, groundwater discharge, and evapotranspiration increased as precipitation and temperature for the future 30-year period increased. The monthly variation analysis results showed that the monthly runoff for all months except September increased compared to the baseline period. For Scenario II, both the total and surface runoff increased as the built-up area, including the impervious surface, increased, while the groundwater discharge and evapotranspiration decreased. The monthly variation analysis results indicated that the total runoff increased in the summer season, when the precipitation was concentrated. In Scenario III, the results showed a similar trend to that of Scenario II. The monthly runoff for all months except October increased compared to the baseline period.