The dynamic behavior of hingeless and bearingless blades of a light commercial helicopter which has been under design process at ITU (istanbul Technical University, Rotorcraft Research and Development Centre) is investigated. Since the helicopter rotor consists of several parts connected to each other by joints and hinges; rotors in general can be considered as an assembly of the rigid and elastic parts. Dynamics of rotor system in rotation is complicated due to coupling of elastic forces (bending, torsion and tension), inertial forces, control and aerodynamic forces on the rotor blades. In this study, the dynarnic behavior of the rotor for a real helicopter design project is analyzed by using DYMORE. Blades are modeled as elastic beams, hub as a rigid body, torque tubes as rigid bodies, control links as rigid bodies plus springs and several joints. Geometric and material cross-sectional properties of blades (Stiffness-Matrix and Mass-Matrix) are calculated by using VABS programs on a CATIA model. Natural frequencies and natural modes of the rotating (and non-rotating) blades are obtained by using DYMORE. Fan-Plots which show the variation of the natural frequencies for different modes (Lead-Lag, Flapping, Feathering, etc.) vs. rotor RPM are presented.