A new method of parking fee management is proposed under the condition of capacity constrained parking lots,the capacities of all parking lots are fully used by charging differentiated parking fees,meanwhile excessive trips via private cars are avoided to prevent illegal parking.In accordance with the values of time (VOT) of individual travelers,the decision of mode and parking lot choices for different travelers is investigated.The super network with capacity constrained parking lots is established,and the parking fee scheme that assures the maximal use of parking lots is proposed.In this paper,it is assumed that traveler’s value of time follows continuous distribution,based on which the function of generalized travel cost with respect to VOT is obtained under the network equilibrium condition,thus an algorithm of determining optimal parking fees is proposed.A numerical example is illustrated and it is shown that the method is effective.