A combined method using 2D pseudo Wigner-Ville distribution (2D-PWVD) and structural similarity(SSIM) index is proposed for fusion of low resolution multi-spectral (MS) image and high resolution panchromatic (PAN) image. First, the intensity component of multi-spectral image is extracted with generalized IHS transform. Then, the spectrum diagrams of the intensity components of multi-spectral image and panchromatic image are obtained with 2D-PWVD. Different fusion rules are designed for different frequency information of the spectrum diagrams. SSIM index is used to evaluate the high frequency information of the spectrum diagrams for assigning the weights in the fusion processing adaptively. After the new spectrum diagram is achieved according to the fusion rule, the final fusion image can be obtained by inverse 2D-PWVD and inverse GIHS transform. Experimental results show that, the proposed method can obtain high quality fusion images.