The wave motion of magnetohydrodynamic (MHD) systems can be quite complicated. In order to study the motion of waves in a perfectly conducting fluid under the influence of an external magnetic field in a stratified medium, we make the simplifying assumption that the pressure is constant (to first order). This is the simplest form of the equations with variable coefficients and is not strongly propagative. Alfven waves are still present. The system is further simplified by assuming that the external field is parallel to the boundary. The Green's function for the operator is constructed and then the spectral family is constructed in terms of generalized eigenfunctions, giving four families of propagating waves, including waves “trapped” in the boundary layer. These trapped waves are interesting, since they are not the relics of surface waves, which do not exist in this context when the boundary layer shrinks to zero thickness no matter what (maximal energy preserving) boundary condition is chosen. We conjecture a similar structure for the full MHD problem.