This paper presents flutter and forced oscillation experiments in a transonic wind tunnel. For an aeroelastic supercritical 2-D airfoil configuration we studied typical transonic phenomena in as pure a form as possible. Various manifestations of small-amplitude limit cycle oscillations were observed for different flow conditions as well as coexisting limit cycles. We demonstrated how very small control forces were sufficient to excite or suppress flutter oscillations. Limit cycle oscillations occurred under free and forced turbulent boundary layer transition in a perforated wall test-section. Flutter calculations based on experimental aerodynamic forces yield stability limits which show good agreement with directly measured experimental flutter values. The results indicate that flow separation at the trailing edge, and the interactions between the shock and the marginal region of separated flow beneath it, may be responsible for limiting the amplitude of the observed limit cycle oscillations.