A pancreatic schwannoma is an extremely rare pancreatic neoplasm. This tumor can vary in size, and can be variably cystic such that lesion mimics the common cystic tumor of the pancreas. We report a case of a 73-year-old woman with a surgically proven cystic schwannoma of the pancreas. CT images showed the presence of a well-defined, cystic mass in the pancreatic head area, which contained solid, enhancing areas. Furthermore, multi-planar reformatted images provided additional information by demonstrating the intrapancreatic location of the mass. According to our experience, a cystic schwannoma of the pancreas should be considered in the differential diagnosis of a cystic tumor of the pancreas.