This document discusses frequency modulation and demodulation. It describes modulating a message signal by encoding it in the frequency of a carrier signal using FM. The modulated signal can then be transmitted and demodulated on the receiving end. The experiment aims to study FM modulation and demodulation using a voltage-controlled oscillator and phase-locked loop. Matlab code is used to generate sample modulated and demodulated signals for different input frequencies. Observations of the outputs show the modulated signal changing frequency according to the message signal and some distortion in the demodulated signal possibly due to tuning of the PLL.