The use of a two-point modulator with variable PLL loop bandwidth as a GFSK signal generator is proposed. Delta-sigma modulation is adopted for the modulator. Through the combination of a variable PLL feedback loop and delta-sigma modulation, both a fast settling time and very clear eye opening are achieved for the modulator. We fabricate it in 0.35-µm BiCMOS process technology. The two-point modulator has a center-frequency drift of only 14.9 kHz, much lower than the 178-kHz result for a single time slot in the case of direct VCO modulation. This is due to the PLL feedback loop. Evaluation also confirmed that the circuit satisfies the various characteristics required of a Bluetooth transmitter. The two-point modulator is also applicable to other transceivers which use FSK or PSK modulation, i.e. forms of modulation where a constant signal level is transmitted, and thus contributes to the simplification of a range of wireless transmitters.