We consider whole-cell voltage-clamp data of isolated currents characterize
d by the Hodgkin-Huxley paradigm. We examine the errors associated with the
typical parameter estimation method for these data and show them to be uns
atisfactorally large especially if the time constants of activation and ina
ctivation are not sufficiently separated. The size of these errors is due t
o the fact that the steady-state and kinetic properties of the current are
estimated disjointly. We present an improved parameter estimation method th
at utilizes all of the information in the voltage-clamp conductance data to
estimate steady-state and kinetic properties simultaneously and illustrate
its success compared to the standard method using simulated data and data
from P. interruptus shal channels expressed in oocytes.