Abtract Cebu Declaration on the Acceleration of the Establishment of an ASEAN Community by 2015 is an acceleration instrument of the establishment of an ASEAN Community by 2015. This research purpose to describe, explain and analyze prospect and challenge toward ASEAN Community. The research method is used the juridical-normative. The data obtained qualitatively analysed to reveal the truth. The prospect of ASEAN create an ASEAN Political Security Community, ASEAN Economic Community and ASEAN Socio-Cultural Community 2015 are create a security and political stability in Southeast Asian and develop an early warning system to protect conflict escalation; turning the diversity that characterizes the region into opportunities for business complementation making ASEAN a more dynamic and stronger segment of the global supply chain; building a community of caring societies, managing the social impacts of economic integration, promoting environmental sustainability and promoting an ASEAN identity. The challenge toward ASEAN Community is ASEAN Way Principles still used to dispute settlement, crisis of providing food and energy, terrorism issues, infrastructure and increase non State Actors. Therefore, ASEAN soon will evaluate ASEAN Way Principles to keep existence, effective and credibility of ASEAN in the future and become people-centered organization.