Free vibrations of an elastic non-circular cylindrical shell of intermediate length are considered. The shell is assumed heterogeneous in the thickness direction, in its part it may be multilayered. In order to derive the equations of stability, we use the Timoshenko-Reissner model. According to it, a shell that is heterogeneous can be replaced by a homogeneous shell with the equivalent bending and transversal shear stiffness. We obtain the approximate asymptotic formula for a frequency that takes into account an influence of a transversal shear and a variability of a directrix curvature. As an example, a three-layer elliptical shell with hinged edges and a soft middle layer is analyzed.