An ultrasonic transmission technique is under development to determine the concentration of solids in a three-phase slurry reactor by measuring the velocity of ultrasound in slurries. Preliminary measurements have been made on slurries consisting of water, glass beads, and air bubbles. The data show that both the sound speed and attenuation are well-defined functions of both the solid and gas concentrations in the slurries. A simple model is proposed to correlate the concentration of solids with the measured ultrasonic signals.