Emission of large amount of volcanic gas occurs at the summit crater of Satsuma-Iwojima volcano located south of Kyushu, Japan. Sakurajima Volcanological Observatory (SVO), DPRI, Kyoto University has conducted seismic observation at a permanent station 1.5 km WNW of the summit crater since June 1995. Volcanic earthquakes at the volcano are classified into A-type (high frequency), B-type (low frequency), C-type (monochromatic) and tremor. A-type earthquake generated by shear fracture and B-type earthquake with volumetric source are dominant at the volcano. Volcanic activity of Satsuma-Iwojima was evaluated from seismicity of the volcanic earthquakes. During the period of 1995-1998, the seismicity has remained at a constant level with seismic energy release rate of 7×10 14 erg/year. The seismicity was as high as that during 1975-1977. The energy release rate of volcanic earthquakes at the volcano has been stable at least for recent 20 years. Within the stable activity, a minor increase in activity occurred in mid-1990's, as shown by a felt earthquake (M2