This is the first report on room temperature CW operation of GaAlAs/GaAs vertical Fabry-Perot cavity surface emitting lasers. A vertical microcavity was formed with a diameter of 7 µm and cavity length of 5.5 µm by a two-step MOCVD growth and fully monolithic technology. The threshold current was 32 mA under CW condition at 22.5. Stable single transverse and longitudinal mode operation was obtained.