Some good tips here so far

For me a handy way of thinking of AM is as extremely fast tremolo. So fast that it enters the audible range. You are using the varying amplitude of one waveform to modulate the amplitude of another. Doing this really quickly (audio rate) introduces frequency components that may not have been contained in either of the initial frequencies.

AM works by creating sideband frequency components at the sum and difference of the base frequencies. The modulator being fed into the carrier (ie. OSC2 --> OSC1) is what creates these side bands.

If the pitches of the two OSC are related numerically than the result will be a harmonic tone related to the base frequencies with a well defined pitch. If they are not related then it will be inharmonic and will not have a well defined pitch.

This means that if OSC1 is set to 220Hz (pitch of A)

and OSC2 is set to some even ratio (multiple or division, so like 110Hz)

The sidebands created will be at 220 + 110 = 330Hz (the sum of the two frequencies)

and 220 - 110 = 110Hz (the difference of the two frequencies)

This will be a harmonic tone.

I realise the A4 does not deal in Hertz but operating in the musical scale is just as easy. Use octaves or harmonically related intervals such as perfect fifths etc as the base freq for each OSC and then subtracting or adding multiples or divisions of these.

You can entirely turn down the volume of whichever oscillator you are using as the modulator. This means you will only hear the effect it has on the osc being modulated. So that depends on whether you are using AM1 (modulates OSC1 with OSC2) or AM2 (which modulates OSC2 with OSC1)

You can of course do both at once but I find it interesting to start with simple waveforms such as the triangle (the simplest the A4 has). The A4 has no sine waves but you can approximate one by taking a bit of high end off a triangle wave with a non-resonant Lo pass filter

And then as mentioned check out the Feedback oscillator in OSC1 :alien: