Heat and mass transfer characteristics in the circulating slurry suspension by bubble-agitation in a bubble column with a draft tube were studied in a 8.90cm I.D.×150cm high acryl column. Heat transfer coefficients increased with increasing superficial gas velocity, particle size and the concentration of particles and were larger than those without the addition of particles. The volumetric mass transfer coefficients increased with an increase in super-ficial gas velocity but decreased with an increase in particle size and concentration of particles and were smaller than those without the addition of particles. To explain these phenomena, the energy dissipation rate estimated from the energy balance was combined with the surface renewal theory and Kolmogoroff’s isotropic turbulence theory to predict the theoretical heat transfer coefficients. Also the volumetric mass transfer coefficient was derived from the eddy cell model and energy dissipation rate with specific gas-liquid interfacial area. These theoretical equations could predict the tendency of the experimental data of heat and mass transfer very well.