Abstract: A combined encoder and decoder circuit which uses a single frequency selective resonant reed in a closed loop oscillator configuraion permitting simultaneous encoder and decoder operation. A closed loop oscillator has a resonant reed connected in series between an input and output terminal and produces a signal at the resonant frequency of the reed. Positive signal feedback from the output to input terminal is provided by an amplifier, operated between saturation and cut-off, and a controllable attenuator. A level detector and the attenuator effectively form a limited range negative feedback loop which effectively maintains the signal magnitude at the output terminal at a substantially constant level.