A pseudo-Newtonian description of the gravitational field which yields the
equations of motion resembling, as closely as possible, the geodesic equati
on of general relativity is found for the Kerr spacetime. The potential obt
ained consists of three parts, interpreted as a purely Newtonian (gravitoel
ectric) term, a dragging (gravitomagnetic) term, and a space-geometry corre
ction. The accuracy of the pseudo-Newtonian model is studied by a method wh
ich compares, systematically, two large sets of trajectories: geodesics in
the Kerr spacetime versus test-particle trajectories in the pseudo-Newtonia
n field. It is suggested that every pseudo-Newtonian model should be submit
ted to analogous systematic analysis before it is used in astrophysical app
lications. A modified Newtonian potential which accounts for the frame-drag
ging effects can be a practical tool in studying stationary accretion discs
. Non-stationary configurations are more complicated and we will not sugges
t to use this approach to such topics in accretion theory as gravitomagneti
c oscillations of discs and their relation to quasi-periodic sources.