We have studied the nucleation process of a two-dimensional kinetic Ising model subject to a bias oscillating external field, focusing on how the nucleation time depends on the oscillation frequency. It is found that the nucleation time shows a clear-cut minimum with the variation of oscillation frequency, wherein the average size of the critical nuclei is the smallest, indicating that an oscillating external field with an optimal frequency can be much more favorable to the nucleation process than a constant field. We have also investigated the effect of the initial phase of the external field, which helps to illustrate the occurrence of such an interesting finding.