These days, orthogonal frequency division multiplexing (OFDM) transmission method is widely used for broadband communication systems. The OFDM, which uses sine waves as orthogonal basis functions, is one of the orthogonal waveform modulation techniques. In this paper, we investigate a wavelet packet modulation method which uses wavelet packets instead of sine waves as the basis functions. The wavelet packets may have different patterns in two dimensional time-frequency domain, and we can design the packets appropriate for the channel environments with much flexibility. In this paper, we investigate the characteristics of the wavelet packet modulation as one of the multicarrier modulation methods, And we illustrate by simulations that narrowband interference can be reduced effectively by control the bandwidth of the wavelet packets.