The computer code, CONFAC, has been developed for dynamic analysis of the condensate feedwater system in boiling water reactor plants. This code simulates the hydrodynamics in the piping system, the pump dynamics, and the feedwater controller in order to clarify the system transient characteristics in such cases as pump trip incidents. Code verification was performed by comparison between analytical results and actual plant operational data. Satisfactory agreement was obtained. With the code, appropriate pump start/stop interlocks were estimated for preventing pump cavitation in pump trip incidents.