For the air-fuel ratio control in a fuel injection SI engine, the Jump-Ramp control algorithm has been widely adopted by using the on/off type oxygen sensor. But the Jump-Ramp control method has limitation on treating the frequency and amplitude of the air-fuel ratio oscillation. This study suggests another feedback control logic named modulated fuel feedback control, which has a concept of pre-tuned air-fuel ratio oscillation. In the modulation method, the oxygen sensor output is not treated as on/off signal but as analog signal for feedback. By using the modulation method, the frequency and the amplitude of air-fuel ratio oscillation can be adjustable to some extent for improving the conversion efficiency of the Three-Way Catalyst. The result shows that the performance of the modulation method is better than that Jump-Ramp control method in reducing the amplitude of the air-fuel ratio oscillation as well as in increasing the frequency of the air-fuel ratio oscillation.