No / An investigation into the wavelet packet transform (WPT) modulation scheme for Multiple Input Multiple Output (MIMO) band-limited systems is presented. The implementation involves using the WPT as the base multiplexing technology at baseband, instead of the traditional Fast Fourier Transform (FFT) common in Orthogonal Frequency Division Multiplexing (OFDM) systems. An investigation for a WPT-MIMO multicarrier system, using the Alamouti diversity technique, is presented. Results are consistent with those in the original Alamouti work. The scheme is then implemented for WPT-MIMO and FFTMIMO cases with extended receiver diversity, namely 2 ×Nr MIMO systems, where Nr is the number of receiver elements. It is found that the diversity gain decreases with increasing receiver diversity and that WPT-MIMO systems can be more advantageous than FFT-based MIMO-OFDM systems.