We report a development of a multi-color simultaneous camera for the 188cm telescope at Okayama Astrophysical Observatory in Japan. The instrument, named MuSCAT, has a capability of 3-color simultaneous imaging in optical wavelength where CCDs are sensitive. MuSCAT is equipped with three 1024x1024 pixel CCDs, which can be controlled independently. The three CCDs detect lights in $g_2$ (400--550 nm), $r_2$ (550--700 nm), and $z_{s,2}$ (820--920 nm) bands using Astrodon Photometrics Generation 2 Sloan filters. The field of view of MuSCAT is 6.1x6.1 arcmin$^2$ with the pixel scale of 0.358 arcsec per pixel. The principal purpose of MuSCAT is to perform high precision multi-color transit photometry. For the purpose, MuSCAT has a capability of self autoguiding which enables to fix positions of stellar images within ~1 pix. We demonstrate relative photometric precisions of 0.101%, 0.074%, and 0.076% in $g_2$, $r_2$, and $z_{s,2}$ bands, respectively, for GJ436 (magnitudes in $g$=11.81, $r$=10.08, and $z$=8.66) with 30 s exposures. The achieved precisions meet our objective, and the instrument is ready for operation.