SUMMARYA mathematical stack model of molten carbonate fuel cell was numerically solved for temperature, gas dynamic pressure, and cell performance. The model assumed a steady state, constant load operation for a co-#ow stack with an external reformer. The numerical computation was done for a two-dimensional domain with a real size of cell speci"cations. The e!ect of two stack operation variables, gas utilization and system pressure, was thoroughly analysed. The computation results were demonstrated in the form of #ow "elds, temperature contours, axial pro"les, and plots of characteristic values. Our analysis began with an underlying fact that a high cathode gas #ow is necessary for stack temperature control. The analysis result veri"ed the e!ect of stack cooling by the cathode gas, and showed various aspects of stack operation and performance under pressurization. The pressurization e!ect is most signi"cant in a moderate pressure range of 1}5 atm. The gas dynamic pressure, as it inevitably increases at a high gas #ow rate, is regulated by pressurization. All the pressurization e!ects can generally be represented using a dimensionless parameter, named a pressurization factor. The relation between gas dynamic pressure and total system pressure was clari"ed from the related #ow equations.