As the basic research for the application of a parametric acoustic source to fish finding, the characteristics of beam patterns and parametric gains of the acoustic source were investigated and target strengths of fish, grey mullet, with the acoustic source were measured. The mean primary frequency of the acoustic source was 200KHz and the produced sounds by difference-frequencies were 5KHz, 10KHz, 16KHz and 20KHz. For measurement of target strength in yaw (coronal) plane of fish the to be target was 34cm in length, the pulse duration of the source was 0.3m/sec and the difference frequency was 10KHz in consideration of the length of fish and of parametric gain of the acoustic source. The results obtained are as follow: 1. Beam widths(down 3 dB) of the parametric acoustic source excited at frequencies of 5KHz, 10KHz, 16KHz, and 20KHz were 4.3$^{circ}$, 2.2$^{circ}$, 3.0$^{circ}$ and 2.5$^{circ}$ respectively. 2. Parametric gains of the parametric acoustic source excited at frequencies of 5KHz, 10KHz, 16KHz and 20KHz were -41 dB, -45 dB, -60 dB and -68 dB respectively. 3. Target strengths of a fish in head and tail aspect using the parametric acoustic source were 5 dB lower than those using 200KHz single frequency sound, but those in side aspect were similar. 4. Target strengths of two or three fish with the parametric acoustic source were 1-3 dB lower than those in head and tail aspect using 200KHz single frequency sound.