ZONA Technology, Inc. (ZONA) proposes to develop an on-line flutter prediction tool for wind tunnel model using the parameter varying estimation (PVE) technique to ensure the safety of the flutter model as well as the wind tunnel system. This tool will be applied to rapidly evaluate parameters, such as modal damping and frequency, which are required to assess the flutter boundary of a wind tunnel model in the pre-flutter test conditions. In this PVE Toolbox, system identification techniques such as Polymax and Subspace methods are employed to consistently estimate the damping/frequency of the physical modes, followed by the implementation of Zimmerman-Weissenburger flutter margin method, linear parameter varying modeling combined with µ analysis, and/or thin plate interpolation method for flutter boundary prediction. In order to minimize the dependence on the experience for obtaining a reliable flutter prediction, an accurate estimation of the auto-spectrum of the output data, k-mean stochastic algorithm for automate modes selection are developed to enhance the on-line capability of the PVE Toolbox. The end product PVE Toolbox can be used by the test engineer as an on-line flutter prediction tool in the wind tunnel to effectively make a timely decision for proceeding to the next test point.