EAM potential for U-Mo system with Xe is developed using a force-matching technique and a dataset of ab initio atomic forces. The potential is suitable for the investigation of alloys and compounds existing in the U-Mo system as well as for simulation of pure elements: U, Mo and Xe. Computed lattice constants, thermal expansion coefficients, elastic properties and melting temperatures of U, Mo and Xe are consistent with the experimentally measured values. The energies of the point defect formation in pure U and Mo are proved to be comparable to the density-functional theory calculations.