This paper presents the effect of twist and rotational speeds on free vibration characteristics of functionally graded conical shells employing finite element method. The objective is to study the natural frequencies, the influence of constituent volume fractions and the effects of configuration of constituent materials on the frequencies. The equation of dynamic equilibrium is derived from Lagrange’s equation neglecting the Coriolis effect for moderate rotational speeds. The properties of the conical shell materials are presumed to vary continuously through their thickness with power-law distribution of the volume fractions of their constituents. The QR iteration algorithm is used for solution of standard eigenvalue problem. Computer codes developed are employed to obtain the numerical results concerning the combined effects of twist angle and rotational speed on the natural frequencies of functionally graded conical shells. The mode shapes for typical shells are also depicted. Numerical results obtained are the first known non-dimensional frequencies for the type of analyses carried out here.