Currently, most multi-level converters are controlled through the use of voltage-source based control techniques such as space-vector modulation or multi-level sine-triangle modulation. However, in many applications such as field oriented drives, a high-bandwidth current-source inverter based control is more desirable. In this paper, the concept of a multi-level hysteresis current-source control is set forth. The new control is experimentally verified using a four-level converter / induction motor drive system and the results are compared to a space vector modulation controller. A dynamic study involving a step change in current command demonstrates the controls high bandwidth.