Design issues of multi-beam satellite transponders have been actively studied. Multi-beam satellite transponders can be used in the first SS/TDMA system for satellite interactive multi-media services in Korea. To be used in SS/TDMA systems, a satellite transponder must have either base-band OBP(On-board Processor) or MSM(Microwave Switching Matrix) on-board switch those are capable to provide inter-connections to many earth stations in different beam coverages or different frequencies, i.e., Ka and Ku band. The use of MSM is considered proper due to a substantial developing cost and the required high techniques in base-band OBP. In this paper, we present a designed scheme of transponder being optimally suitable to the targeted SS/TDMA satellite systems, also analysis the performance.