Abstract A modulated electron beam flowing across the gap of a resonant cavity can change the gap capacitance at the modulating frequency, thus producing the variable capacitance needed for a parametric amplifier. Such a beam-type parametric amplifier has boon proposed independently by the authors and by T. J. Bridges and has been constructed by Bridges. This paper presents an investigation of the gain, bandwidth, and noise figure which can be expected. It shows that complete cancellation simultaneously of the two uncorrelated noise sources in the electron beam, while feasible in principle, is virtually impossible in practice. The conflicting requirements of large beam current for acceptable capacitance variation and large plasma wavelength for optimum noise cancellation lend to practical minimum noise figures in the vicinity of 3 dB. A design example is worked out for an amplifier with pump frequency at 2000 Mc/s amplifying at 500 Me/s with a gain of about 15 dn. The resulting bandwidth is 4.3 kc/s. A no...