A method for finding the gain margins and phase margins of nonlinear control systems with adjustable parameters for asymptotical stability and having limit cycle is presented. The considered systems are first linearized by the describing function method and modified by adding a gain-phase margin tester, then the characteristic equations are formulated and factored into stability equations, and finally the parameter-plane method is used to find the boundaries of constant gain margin and phase margin. From these boundaries the useful information about the effects of adjustable parameters on gain margins and phase margins can be obtained. A pitch orientational nonlinear aircraft control system is used to illustrate the usefulness of the proposed method.