Abstract: In the paper the problem on the assignment of the bounds of decreasing rate for a time-varying linear control system is discussed. The sufficient and necessary condition for bounds of decreasing rate of a time-varying linear system to be assigned arbitrarily is presented. It is pointed out that for any given real number m, M, m<M, there exists a linear state feedback with time-varying gain matrix which makes the corresponding closed-loop system possess M and m as its upper bound and lower bound of the decreasing rate respectively. For the purposes of its application to system design the concept of the asymptotic assignment of the bounds of decreasing rate is also proposed. The method dealing with the asymptotic assignment is given too.