Quasi-static equations are presented for a magnetostrictive medium where mechanical and magnetic fields interact with each other. Finite element method is used in conjunction with the Hamilton's principle to deduce equations for the dynamic behavior of the magnetostrictive material. These equations form the basis for the magnetostrictive material to be utilized as a sensor or as an actuator. When used as an actuator, the material can provide enough power to actuate mechanical systems for vibration control. In this work, a cantilever beam with a magnetostrictive actuator is taken to demonstrate the modeling and use of the magnetostrictive actuator in attenuating structural vibrations. The position of the actuator is changed to observe its effect on the response of the system. This is important because it is a well-known fact that the actuator location has impact, sometimes big, on its performance.