Speech recognition has wide range of applications in security systems, healthcare, telephony military, and equipment designed for handicapped. Speech is continuous varying signal. So, proper digital processing algorithm has to be selected for automatic speech recognition system. To obtain required information from the speech sample, features have to be extracted from it. For recognition purpose the feature are analyzed to make decisions. In this paper implementation of Speech recognition system in MATLAB environment is explained. Mel-Frequency Cepstral Coefficients (MFCC) and Dynamic Time Wrapping (DTW) are two algorithms adapted for feature extraction and pattern matching respectively. Results are obtained by one time training and continuous testing phases.