The whole reliability index of a slope is derived through using the strength reduction method in the finite element analysis, which can make use of the former finite element program and can be used to both linear and nonlinear finite element analysis. The affection of the evaluation of derivative and the selection of reliability analysis methods is discussed, which shows that it is very important to select the type of limit state function of the slope stability. A new iterafive formula, which can consider the correlation of fundamental parameters, is proposed for FORM, and the convergence is very well.