This is a low power 2 transistor fm transmitter. It is not the best quality transmitter but doesn't take too long to build and doesn't have too many parts. If you would like a better fm transmitter, then look for one of the more complext ones listed here.
This fm transmitter takes about 20 parts and is powered by a 9 volt battery. It can be affected by the electricity in a person's body, so that being said, this does not make for a good personnel microphone or bugging device.
(source - http://www.zen22142.zen.co.uk/Circuits/rf/2bjttx.htm)