The capillary instability of an annular liquid jet surrounding a solid cylinder is presented. A general dispersion equation is derived based on the linear-perturbation technique. The instability as well as stability characteristics of that model are identified analytically and confirmed numerically. The model is unstable only to the axisymmetric perturbation whose wavelengths are longer than the circumference of the liquid jet, while it is stable to all other perturbations. The maximum temporal amplification values prevailing on such a model are fairly lower than those of the full liquid jet. The thicker the solid cylinder, whether it is regular or irregular, the larger is its stabilizing effect.
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