variavel0=Yuri Dumaresq Sobral - yurisobral@bol.com.br UnB Francisco Ricardo da Cunha - frcunha@unb.br UnB Abstract. In this work the effect of various physical parameters on the stability of fluidized beds is evaluated by the means of a normal mode analysis. The effect of a inertial drag on the fluid particle interaction force is explored. The present study is carried out for liquid-solid and gas-solid fluidized beds. It is verified that the behaviour of fluidized beds varies according to the type of fluidization, indicating that the specific mass ratio plays a key role in the stability of these systems. Diferent models are proposed for the particle pressure and the particle viscosity of the disperse phase. Keywords. Fluidized beds, Instability, Inertial drag, Particle pressure, Particle viscosity.