This study presents an analytical model of hydraulic clutch system of a power shift transmission to analyze pressure modulation characteristics. A typical hydraulic clutch system was modeled by using AMESim in which the parameters of major components were measured for simulation. Test apparatus was established using the components of power shift and power shuttle clutches with instrumental equipment. The results of simulation and experiment were so close that the proposed analytical model in this study was validated. However the cylinder model analogized clutch dynamics need to be improved in future study. The effects of parameters of orifice diameter, accumulator stroke and oil temperature on pressure modulation were analyzed respectively. The results of parameter sensitivity analysis show that modulation time and set pressure can be easily adjusted by changing parameter values. It is also found that the hydraulic clutch system used in this study is so susceptible to oil temperature that cooling equipment is necessary.