A new output inductor less phase shift full bridge converter with current reduction technique for server power application is proposed in this paper. The proposed converter can reduce the current stress by using the auxiliary circuit. Since the auxiliary circuit causes the additional resonance between the leakage inductor and auxiliary capacitor before the powering period, the proposed converter has lower current stress even no output filter inductor. Small size and circulating energy can be also the merits of the proposed converter. The operational principles and analysis are presented. Experimental results demonstrate that the current stress can be reduced effectively by using the auxiliary circuit without large output filter inductor.