The formal term Computational Aeroelasticity (CAE) has only been recently adopted to describe aeroelastic analysis methods coupling high-level computational fluid dynamics codes with structural dynamics techniques. However, the general field of aeroelastic computations has enjoyed a rich history of development and application since the first hand-calculations performed in the mid 1930 s. This paper portrays a much broader definition of Computational Aeroelasticity; one that encompasses all levels of aeroelastic computation from the simplest linear aerodynamic modeling to the highest levels of viscous unsteady aerodynamics, from the most basic linear beam structural models to state-of-the-art Finite Element Model (FEM) structural analysis. This paper is not written as a comprehensive history of CAE, but rather serves to review the development and application of aeroelastic analysis methods. It describes techniques and example applications that are viewed as relatively mature and accepted, the ''successes'' of CAE. Cases where CAE has been successfully applied to unique or emerging problems, but the resulting techniques have proven to be one-of-a-kind analyses or areas where the techniques have yet to evolve into a routinely applied methodology are covered as ''progress'' in CAE. Finally the true value of this paper is rooted in the description of problems where CAE falls short in its ability to provide relevant tools for industry, the so-called ''challenges'' to CAE.