A method is proposed to stabilize an intrinsic fiber optic Fabry-Perot interferometric sensor embedded in a solid material for the purpose of detecting ultrasound. Without stabilization the interferometer drifts out of quadrature due to the presence of low-frequency dynamic strains. Stabilization is achieved by using active homodyne stabilization which tunes the laser frequency to maintain quadrature. A control loop shifts the laser frequency by 10 GHz at rates less than 25 Hz in order to compensate for induced drifts. The stabilization procedure was tested for a sensor embedded in an epoxy plate. Ultrasonic pulses, generated by a 5 MHz piezoelectric transducer, were detected with the embedded fiber sensor stabilized in the presence of applied low frequency strains. Improvements in sensitivity which result from stabilization are demonstrated. Additionally, a simulated acoustic emission signal, generated by a lead pencil break (Hsu-Neilson source), was detected with the sensor stabilized in the presence of dynamic strains.< <ETX xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">></ETX>