A method and apparatus for generating a multi-wavelength pulse train use a technique referred to as time-lens compression. The time-lens is formed of a phase modulator in series with a dispersion element. In addition to pulse compression, this time-lens simultaneously displaces the pulses according to their center wavelengths, resulting in a temporally evenly spaced multi-wavelength pulse train. An aberration correction technique, based on the temporal analog of a spatial correction lens, can also be employed improve the quality of the compressed pulses. Through use of CW DFB lasers and electrooptic phase modulators, the all-fiber system allows complete tunability of temporal spacing, spectral profile and repetition rate.