A practical parameter optimization technique for semiempirical methods James J. P. Stewart, MrMOPAC@Worldnet.att.net, Stewart Computational Chemistry, 15210 Paddington Circle, Colorado Springs, CO 80921 Although, in principle, parameter optimization is a straightforward problem of minimizing the value of a function in a multi-parameter space, in practice many complications occur during the development of semiempirical methods. These range from faults in the approximations, faulty and incomplete data, and inaccurate derivatives, to the hazards posed by the possibility of multiple minima in the parameter hypersurface. The problems encountered during the development of a new method will be discussed, along with their resolution, and the implications for increased accuracy illustrated by examples of long standing faults being corrected.