This project is based on the Surprisingly Accurate LC Meter article that appeared in the April 2004 issue of Amateur Radio. However, Phil Rice, VK3BHR, has re-visited his project and allowed the Club to use his updated version.Phil, a Bendigo amateur, got the motivation for his original project after producing a PIC-based frequency meter in the September 2002 issue of Amateur Radio. He considered combining an oscillator with a cut down version of the frequency meter to make a direct reading inductance/capacitance meter with an LCD display. A few calculations convinced him that, although challenging, it would be possible. A little bit of help from Microchip's 24-bit Floating Point routines and the baby was born