A micro-radiographic system composed of micro-focus X-ray tube and a large flat panel detector has been adapted for imaging complicated internal microstructure of trabecular bone under applied deformation. To capture the deforming microstructure a load was applied in small increments while the sample was tomographically scanned. Reconstruction of the internal structure is provided using backprojection algorithm for equiangular cone-beam projection data. From the reconstructed cross-sections a finite element (FE) model of the microstructure was developed and loaded according to the experiment. Deformation behavior of the FE model was compared to the experimentally determined response of the sample.