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Future 4G systems require transmission of richer multimedia services which inevitably implies an increase in data rate. Orthogonal frequency and code division multiplexing (OFCDM) technique has shown promising results in achieving a high data rate while simultaneously combating multipath fading. OFCDM is an amalgamation of orthogonal frequency division multiplexing and two-dimensional (2D) spreading. 2D spreading helps to achieve diversity gains in both time and frequency domains. The present OFCDM systems employ 1D orthogonal variable spreading factor (OVSF) codes to achieve the required 2D spreading in code multiplexed channels. However, 2D OVSF codes have better correlation properties in comparison to 1D OVSF codes. Motivated by this principle, the authors propose a spreading scheme for OFCDM systems using 2D OVSF codes. The spreading scheme is designed to increase the system throughput and reduce multi-code interference. Here, the authors study the OFCDM system performance using the proposed spreading scheme in a multipath fast fading channel with varying spreading factors in both time and frequency domains. The results are compared with the existing OFCDM systems using 1D OVSF codes.