International Telemetering Conference Proceedings / October 28-31, 1996 / Town and Country Hotel and Convention Center, San Diego, California / In this paper design and development of a PC- Based S- Band Down Converter/ FM Telemetry Receiver are discussed. With the advent of Direct Digital Synthesis (DDS) & Phase Locked Loop (PLL) technology, availability of GaAs & Silicon MMICs, Coaxial Resonator Oscillator (CRO), SAW Oscillator, SAW Filters and Ceramic Filters, realisation of single card PC- Based Down Converter and Telemetry Receiver has become a reality. With the availability of Direct Digital Synthesis and Phase Locked Loop devices having microprocessor bus compatibility, opens up many application in Telemetry and Telecommunications. In this paper design of local oscillator based on hybrid DDS & PLL technique, Coaxial Resonator Oscillator and Front-end are discussed in detail.