We present an elementary and concrete description of the Hilbert scheme of points on the spectrum of fraction rings$k[X]$_{$U$}of the one-variable polynomial ring over a commutative ring$k$. Our description is based on the computation of the resultant of polynomials in$k[X]$. The present paper generalizes the results of Laksov-Skjelnes [7], where the Hilbert scheme on spectrum of the local ring of a point was described.