In the dynamics of collective vibration and rotation, nuclei in the deformed and transitional regions pass through ellipsoidal shapes of continuously varying deformation. As a first step towards working out these collective dynamics, exact classical expressions have been obtained for the surface, curvature and Coulomb energies of a nuclear droplet having an ellipsoidal shape. The kinetic energy corresponding to surface vibration and rotation has also been calculated using the classical picture of the irrotational motion of an incompressible fluid confined by an ellipsoidal boundary. The shell and pairing corrections to the nuclear energy are obtained, following a slightly modified version of Strutinsky's prescription. The shellmodel potential used for this purpose has a harmonic-oscillator shape with equipotential surfaces having the same eccentricities as the ellipsoidal nuclear droplet. The collective Hamiltonian has then been taken to be the sum of the kinetic energy, and the surface, curvature and Coulomb energies together with the shell and pairing corrections. This Hamiltonian has then been quantized, as done by Bohr in his pioneering work on the collective model. A simple numerical method for solving the resultant Schrodinger equation has been worked out.