A method of measuring the acoustic properties of limited size panels immersed in water, with a truncated parametric array used as the acoustic source, is described. The insertion loss and reflection loss of thin metallic panels, typically 0·45 m square, were measured at normal incidence by using this technique. Results were obtained for a wide range of frequencies (10 to 100 kHz) and were found to be in good agreement with the theoretical predictions for plane waves. Measurements were also made of the insertion loss of aluminium, Perspex and G.R.P. panels for angles of incidence up to 50°. The broad bandwidth available from the parametric source permitted detailed measurements to be made over a wide frequency range using a single transmitting transducer. The small spot sizes obtainable with the parametric source also helped to reduce the significance of diffraction from edges of the panel under test.