Now a days high strength and high performance concrete are being widely used all over the world. Most applications of high strength concrete have been in high rise buildings, long span bridges and in some special applications in structures. In developed countries, using high strength concrete in structures today would result in both technical and economical advantage. In high strength concrete, it is necessary to reduce the water/cement ratio and which in general increases the cement content. To overcome low workability problem, different kinds of pozzolanic mineral admixtures (fly ash, rice husk ash, metakaoline, etc.and chemical admixtures are used to achieve the required workability.In the present experimental investigation, the mechanical properties of high-strength concrete of grades M40 and M50, at 28 days characteristic strength with different replacement levels of cement with silica fume or micro silica of grade 920-D are considered. Standard cubes (150mm x 150mm x 150mm), standard cylinders (150mm dia x 300mm height) and standard prisms (100mm x 100mm x500mm) were considered in the investigation. In all, 144 specimens were cast with and without silica fume. The mechanical properties viz., compressive strength, flexural strength and splitting tensile strength, and stress-strain characteristics of high strength concrete with various replacement of silica fume viz., 3%, 6%, 9%, 12% and 15%, has been considered. The investigations revealed that the use of waste material like silica fume improved the mechanical properties of high strength concrete witch is otherwise hazardous to the environment and thus may be used as a partial replacement of cement.