A parallel condensation algorithm for efficient dynamic analysis of three-dimensional large-scale structures is presented. The algorithm is developed for a user-friendly and cost effective high-performance computing system on a collection of Pentium processors connected via a 100 Mb/s Ethernet LAN. To harness the parallelism in the computing system effectively, a large-scale structure is partitioned into a number of substructures equal to the number of computers in the computing system Then, for reduction in the size of an eigenvalue problem the computations required for static condensation of each substructure is processed concurrently on each slave computer. The performance of th proposed parallel algorithm is demonstrated by applying to dynamic analysis of a three dimensional structure. The results show that how the parallel algorithm facilitates the efficient use of a small number of low-cost personal computers for dynamic analysis of large-scale structures.