As an off-line simulation tool, the modular modelling method of Matlab/Simulik has the features of high efficiency and visualization. In order to realize the fast design and the simulation of prototype systems, the new method of SignalWAVe/Simulink mix modelling is presented, and the Reed-Solomon codec encoder-decoder model is built. Reed-Solomon codec encoder-decoder model is simulated by Simulink. Farther, the C language program and model the .out executable file are created by SignalWAVe RTW Options module, which completes the hard ware co-simulation. The simulation result conforms to the theoretical analysis, thus it has proven the validity and the feasibility of this method.