According to the change of resistivity and magnetic permeability of iron load which will influence the resonance frequency in the process of induction heating, this paper presents a frequency tracking system based on the 74HC4046. It can control the output frequency of the power supply in real time, and make the power output frequency to trace the resonance frequency of load. This paper also analyses the phase compensation of the control system, and proposes a new way of phase compensation. The corresponding simulation experiment is done finally. It provides the theory basis to analyze and design an inverter power supply.