PURPOSES: A viscoelastic axisymmetric finite element analysis code has been developed for stress analysis of asphalt pavement structures. METHODS: Generalized Maxwell Model (GMM) and 4-node isoparametric element were employed for finite element formulation. The code was developed using $C^{+}^{+}$ computer program language and named as KICTPAVE. For the verification of the developed code, a structural model of a pavement system was constructed. The structural model was composed of three layers: asphalt layer, crushed stone layer, and soil subgrade. Two types of analysis were considered for the verification: (1)elastic static analysis, (2)viscoelastic time-dependent analysis. For the elastic static analysis, linear elastic material model was assigned to all the layers, and a static load was applied to the structural model. For the viscoelastic time-dependent analysis, GMM and linear elastic material model were assigned to the asphalt layer and all the other layers respectively, and a cyclic loading condition was applied to the structural model. RESULTS: The stresses and deformations from KICTPAVE were compared with those from ABAQUS. The analysis results obtained from the two codes showed good agreement in time-dependent response of the element under the loading area as well as the surface deformation of asphalt layer, and horizontal and vertical stresses along the axisymmetric axis. CONCLUSIONS: The validity of KICTPAVE was confirmed by showing the agreement of the analysis results from the two codes.