To attain high rate data and high quality of service in wireless communication, a subchannel allocation policy combined with subcarriers and power allocation is proposed. In the proposed system, instead of identical power over the subcarriers in parallel, each user's DS waveform is transmitted over the subchannels that have large fading amplitude among all the subchannels. The powers of the subcarriers with small fading amplitude are allocated to the subcarriers with large ones. It can effectively suppress multiple-access interference while obtaining diversity gains. The allocation policy based on fading amplitudes has the advantages of low computation and good convergence compared with the policy proposed in other papers. Thus, it is suitable for engineering.