An elastic medium with a large number of small axially symmetric solid particles is considered. It is assumed that the particles are identically oriented and under the influence of elastic medium they move translationally or rotate around symmetry axis but the direction of their symmetry axes does not change. The asymptotic behavior of small oscillations of the system is studied, when the diameters of particles and distances between the nearest particles are decreased. The equations, describing the homogenized model of the system, are derived. It is shown that the homogenized equations correspond to a nonstandard dynamics of elastic medium. Namely, the homogenized stress tensor linearly depends not only on the strain tensor but also on the rotation tensor.