A model for the calculation of the current-voltage characteristics of strained In0.52Al0.48As/InxGa1-x on InP substrate High Electron Mobility Transistors (HEMT's), based on a variational charge control model, is presented. A polynomial fit of the two-dimensional electron gas (2DEG) density is used for the calculation of the current-voltage characteristics. The effect of strain is introduced into the 2DEG density versus gate voltage relation. Very good agreement between the calculated and measured I-V characteristics was obtained. In addition, our results show that, for an Indium mole fraction of the InxGa1-xAs channel in the range 0.53-0.60, increasing the Indium mole fraction lowers the threshold voltage and hence increases the drain current at the same gate bias.