This study has been conducted to establish the optimal extraction process and HPLC analysis method for thedetermination of marker compounds as a part of the materials standardization for the development of health functionalfood materials from Astragali radix. Five extraction conditions including the shaking extraction at room temperature andthe reflux extraction at 85℃ with 30%, 50% and 95% ethanol were evaluated. Reflux extraction with 50% ethanol showedthe highest extraction yield as 27.27±2.27%, while the extraction under reflux with 95% ethanol showed significantly thelowest yield of 10.55±0.24%. The quantitative determination methods of calycosin-7-O-β-D-glucoside and calycosin asmarker compounds of Astragali radix extracts were optimized by HPLC analysis using a Thermo Hypersil column(4.6×250㎜, 5㎛) with the gradient elution of water and acetonitrile as the mobile phase at the flow rate of 0.8mL min-¹and a detection wavelength of 230㎚. The HPLC/UV method was applied successfully to the quantification of two markercompounds in Astragali radix extracts after validation of the method with the linearity, accuracy and precision. The con-tents of calycosin-7-O-β-D-glucoside and calycosin in 50% ethanol extracts by reflux extraction were significantly higher as1,700.3±30.4 and 443.6±8.4㎍ g-1, respectively, comparing with those in other extracts. The results indicate that thereflux extraction with 50% ethanol at 85℃ is optimal for the extraction of Astragali radix, and the established HPLCmethod are very useful for the evaluation of marker compounds in Astragali radix extracts to develop the health functionalmaterial from Astragali radix.