A redundant structure typically consists of primary component and standby component taking over the function of the primary component when the primary component fails. In this research, we consider a redundant structure in which a standby component can take over the function of more than one primary component when primary components fail. And we assume that the system has multi-state according to the states of components while all components have two states. This system is called as the multi-state redundant system with a multi-functional standby component. This type of redundant structure is frequently adapted by the system such as an aircraft in which the weight is an important design factor. In this paper, we propose new reliability model for this multi-state redundant system with a multi-functional standby component in order for evaluating the reliability of the system. Under the assumption that all components have constant failure rate, we evaluate the reliability of the system by applying Markov analysis method. And we investigate the effect of the multi-functional standby component by comparing reliabilities of the parallel system with