The reliability of software is an increasingly important demand, especially for safety critical systems. RAISE is a mathematically based method which has been shown to be useful in the industrial development of many kinds of software systems. However, RAISE has no particular features for specifying real-time requirements, which often occur in safety critical systems. Adding time constructors, like wait, to RAISE will make the new specification language, Timed RAISE Specification Language (TRSL), and give it the power of specifying real-time application. Then the work of finding theoretical foundation for TRSL comes. In this report, the Operational Semantics of TRSL will be first introduced. Then we will define a pre-order and test equivalence relation for TRSL. Proof rules for TRSL are listed in the Appendix B. Their soundness corresponding to our operational model are also explained.