In control and stability studies, load models should realistically represent the aggregate load behavior of all kinds of individual components. In this paper, the development of a composite load model, where the load is represented as a combination of an RC circuit in parallel with an induction motor equivalent circuit, is presented. A procedure is developed for identifying a frequency-dependent composite load model using digital measurements from an on-line transient recording system, taking account of system frequency variation. A nonlinear model parameter estimation technique is described to derive the frequency-dependent load model. A computer program called LMSP has been developed. The program consists of five major phases: user-interface, data manipulation, load model identification; model conversion and system model response evaluation. A case study is presented to illustrate, in particular, the accuracy of the developed model for the representation of dynamic load behaviors of an actual power system.< <ETX xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">></ETX>