We present recent results of a prototype microwave SQUID multiplexer containing four SQUIDs coupled to GHz frequency resonant circuits and fed with a single microwave readout line. The system is operating at a readout frequency range of 8-10 GHz. All four SQUIDs share a common DC bias and modulation lines. A new modulation scheme is tested to eliminate the need for individual flux biasing of the SQUIDs, which extends the dynamic range of the readout. In this scheme a common modulation signal is imposed on each SQUID and the received signal is demodulated at one and two times the modulation frequency to maintain sensitivity at any flux state. We also demonstrated a microwave RF bias scheme eliminating the necessity of the DC current bias to the SQUID. Our preliminary performance tests at 4.2 K show that the input noise of the device is similar to 5 pA/root Hz.