This paper proposes a new levitation scheme for EDS MAGLEV vehicle with AC superconducting magnet(ACSCM). The eddy current and the levitation force are generated at all speed including stand still in this scheme, therefore, the auxiliary wheels on DCSCM can be eliminated. To reduce the ac loss of the magnet, the ACSCM also can be operated as a DCASCM at high speed because levitation force generated by DCSCM is enough at high speed. To prove the effectiveness of the proposed scheme, the repulsive force and power loss versus frequency of ACSCM is calculated. For comparison, characteristics of DCSCM of same cross section versus speed are also given. (author). 6 refs., 9 figs.