This work deals with the design of a voltage controlled oscillator designed to be part of a Phase Locked-Loop (PLL), which implements the frequency synthesizer of a Low-IF receiver. The receiver operates in the European 433-MHz ISM band. We focus on low-cost, low-voltage (1 … 1.5V) battery operated systems to be used in portable applications (medical care, surveillance systems, …). Therefore we want the analog cells to be fully integrated in a single chip solution. For such specifications, the use of fully depleted Silicon-on-Insulator (SOI) technology yields better results than conventional Bulk technologies. In the design of the VCO we developed a Top-Down strategy, starting from high-level specifications such as consumption, operating frequency and phase noise, and subsequently deriving transistor sizes and bias.