In this paper the problem of the stability of an incompressible elasti
c fluid at rest above a free surface is considered by carrying out a l
inear stability analysis. In the first case considered the Maxwell mod
el is used to include elastic effects but inertial effects are neglect
ed. A characteristic equation for the growth rate is found showing a d
imensionless critical wave number. However, for each fixed wave number
in the region of instability, this model is found to predict an unbou
nded growth rate at a certain value of the Weissenberg number. It is t
hen shown how the introduction of inertial terms smooths out this sing
ularity as does the change to a model which introduces a second elasti
c parameter, the linear Jeffreys model. Asymptotic expansions are deve
loped to show how the singularity is approached in both cases.