The multiple-modulation-multiple-echo sequence, previously used for rapid measurement of diffusion, is extended to a method for single shot imaging. Removing the gradient switching requirement during the application of RF pulses by a constant frequency encoding gradient can shorten experiment time for ultrafast imaging. However, having the gradient on during the pulses gives rise to echo shape variations from off-resonance effects, which make the image reconstruction difficult. In this paper, we propose a simple method to deconvolve the echo shape variation from the true one-dimensional image. This method is extended to two-dimensional imaging by adding phase encoding gradients between echoes during the acquisition period to phase encode each echo separately. Slice selection is achieved by a frequency selective pulse at the beginning of the sequence. Imaging speed is mainly limited by the phase encoding gradients' switching times and echo overlap when echo spacing is very short. This technique can produce a single-shot image of sub-millimeter resolution in 5 ms.