In order to study enivironmentally-assisted cracking mechanism of stainless steel under BWR primary coolant condition, effects of applied load on oxidation in the vicinity of crack tips of CT specimens were evaluated. Loaded CT specimens were immersed in an aqueous condition at 290℃ as a simulated BWR coolant condition, and microstructural observation on oxide near the tips of pre-cracks was carried out. Oxide inner layers, which consisted of fine grain magnetite containing Fe and Cr were formed, and oxide outer layers consisting of large grains of Fe3O4 were observed to cover the inner layers. FEM analysis of stress and strain in the loaded CT specimen suggests that both of dislocations due to localized plastic deformation and elastic strain could play important roles to accelerate inner oxide formation in the vicinity of the crack tip of the specimens.