Oscillatory convection has been observed in recent experiments in a square, air-filled cavity with differentially heated sidewalls and conducting horizontal surfaces. We show that the onset of the oscillatory convection occurs at a Hopf bifurcation in the steady-state equations for free convection in the Boussinesq approximation. The location of the bifurcation point is found by solving an extended system of steadystate equations. The predicted critical Rayleigh number and frequency at the onset of oscillations are in excellent agreement with the values measured recently and with those of a time-dependent simulation. Four other Hopf bifurcation points are found near the critical point and their presence supports a conjectured resonance between traveling waves in the boundary layers and interior gravity waves in the stratified