We demonstrate a multiple wavelength laser, employing wavelength dependent cavity losses, with up to four lasing wavelengths on the ITU-grid in the C-band and report on its stability characteristics. The linewidth of each wavelength was estimated to be less than 4 pm and we observed antiphase oscillations around 3 kHz and relaxation oscillations around 25 kHz. The antiphase oscillations in the multiwavelength laser lie on a limit cycle in a relative phase diagram. We present an analytic lumped model to determine the output power and relaxation oscillation frequency of the multiple lasing wavelengths in the Erbium doped fiber. The model is validated against our implementation of a multiwavelength ring laser. © 2009 Elsevier B.V. All rights reserved.