In the satellite image fusion, the most important point is to preserve both the spatial detail of panchromatic(PAN) image and the spectral information of multispectral(MS) image. Among various image fusion techniques, fusion technique using Intensity-Hue-Saturation(IHS) transform is widely used and it has advantage that computation is very simple. In this study, a fusion technique using fast IHS transform and trade-off parameter $alpha^i$ proposed. Proposed fusion technique permits customization of the trade-off between the spectral information and spatial detail quality of the fused image through the evaluation of two quality indices: a spectral index(the spectral ERGAS) and a spatial one(the spatial ERGAS). Based on the result of experiment using IKONOS image, we confirmed the proposed fusion technique was more effective in preserving spatial detail and spectral information than existing fusion techniques using fast IHS transform.