In this paper, bleaching of cotton knitting fabric with peracetic acid under ultrasonic was discussed. The results indicated that under ultrasonic, the concentration of peracetic acid 7g/L, pH value 7, temperature 50℃ and time 60 minutes, the whiteness of the fabric can improve 3~4 compared with normal peracetic acid bleaching method. In addition, it is founded that there is little effect to the stability of peracetic acid under ultrasonic.