This paper has introduced a pseudo-potential in bond-fluctuation model to simulate oscillatory shear flow of multiple self-avoiding chains in three dimensions following our previous work under simple shear flow. The oscillatory flow field was reasonably reproduced by lattice Monte Carlo simulation using this pseudo-potential neglecting hydrodynamic interaction. By sampling the configuration distribution functions, the macroscopic viscoelasticity of semi-concentrated polymer solution was determined. Both Newtonian and non-Newtonian regimes were studied. The complex modulus and dynamic viscosity exhibit a reasonable power relation with oscillatory frequency, which is consistent with present theories and experiments. Consequently, lattice Monte Carlo simulation has been extended to model free-draining self-avoiding multi chains subject to oscillatory shear flow and to investigate associated viscoelasticity on the molecular level.