Abstract. A 14-MeV neutron source based on a Gas-Dynamic Trap will provide a high flux of 14 MeV neutrons for fusion materials and sub-component testing. In addition to its main goal, the source has potential applications in condensed matter physics and biophysics. In this report, the author considers adding one more capability to the GDT-based neutron source, the modulation of the neutron flux with a desired frequency. The modulation may be an enabling tool for the assessment of the role of non-steadystate effects in fusion devices as well as for high-precision, low-signal basic science experiments favoring the use of the synchronous detection technique. A conclusion is drawn that modulation frequency of up to 1 kHz and modulation amplitude of a few percent is achievable. Limitations on the amplitude of modulations at higher frequencies are discussed.