In this paper, the boundedness of adjustable parameters for the model reference adaptive control(MRAC) system using a constant reference signal is discussed. This analysis is motivated by that it is possibel to verify the existence, boundedness and bounded range of the parameter as well as the stability of the adaptive system with an alternative propoerty of Lyapunov function. For two adaptive laws; a general gradient mothod(GGM) and a least square method(LSM), unique solution set in parameter space can be estabilished by a new approach suggeste here. Computer simulation results to show the effect of parameter space analysis are also examined.