A method of recording rainbow hologram using hiding effect between the recorded object’s images is proposed. A series of complementary sheltering screens are placed in the optical path of the master hologram. The varied objects are recorded respectively by means of different screens. When the obtained rainbow hologram is reconstucted, the varied images will be displayed or hidden one another along with the rainbow hologram displaced horizontally. The setting parameters of the complementary sheltering screen and the experimental example are given in this paper. The experimental result is very satisfactory.