In the present work, we prove the local well-posedness of non-Newtonian compressible viscous barotropic fluid flow of Oldroyd-B type with free surface in a bounded domain of 46X16300438&_mathId=si3.gif&_user=111111111&_pii=S0362546X16300438&_rdoc=1&_issn=0362546X&md5=d9358cfd1ecdb61d5af74727fca7eacb" title="Click to view the MathML source">N-dimensional Euclidean space (46X16300438&_mathId=si4.gif&_user=111111111&_pii=S0362546X16300438&_rdoc=1&_issn=0362546X&md5=03f554084ed3634402d1f888ec08ed31" title="Click to view the MathML source">N≥2). The key step is to prove the maximal 46X16300438&_mathId=si1.gif&_user=111111111&_pii=S0362546X16300438&_rdoc=1&_issn=0362546X&md5=6d547f6aa73fcac70b433251c453fe9f" title="Click to view the MathML source">Lp–46X16300438&_mathId=si2.gif&_user=111111111&_pii=S0362546X16300438&_rdoc=1&_issn=0362546X&md5=51d02156e2c56d288e62cd727c40ce6e" title="Click to view the MathML source">Lq regularity theorem for the linearized equation with the help of the 46X16300438&_mathId=si7.gif&_user=111111111&_pii=S0362546X16300438&_rdoc=1&_issn=0362546X&md5=a3ee1bf5c3bcfad8fd98147381f2e78f" title="Click to view the MathML source">R-bounded solution operators for the corresponding resolvent problem and Weis’s operator valued Fourier multiplier theorem.