We study the spectral properties of a boundary value problem for an integro-differential equation arising in viscoelasticity theory. We prove that the spectrum of the boundary value problem is either completely real or contains, together with the real part, only finitely many complex eigenvalues. Bibliography: 8 titles.The spectral properties of boundary value problems for integro-differential equations were studied in many works (cf., for example, [1]-[3]). The interest in the study of spectral properties of such problems is caused by numerous applications of integro-differential equations to mechanics and physics, in particular, in the visoelasticity theory and the theory of heat transfer. For example, the dynamics of a one-dimensional viscoelastic medium with long-time memory is described by the following integro-differential equation:where ρ is the density of the viscoelastic medium, u(x, t) is displacement of the point with abscissa x at time t at the equilibrium state, α and β depend on properties of the viscoelastic medium, g(t) is the convolution kernel, the prime denotes the derivative with respect to x. Equations of the form (1) also arise as a result of homogenization of the acoustic equations for periodic combined media of two viscous fluids [4,5] or of porous or viscoelastic material and a viscous liquid occupying pores [6]-[8].This paper is devoted to the spectral analysis of Equation (1) with the homogeneous initial and boundary conditions u(0, t) = u(l, t) = 0, t > 0, u(x, 0) =u(x, 0) = 0, x ∈ (0, l).