This paper deals with the transient analysis of an amplidyne dc voltage regulating system under the following conditions: (1) assuming all the components of the system to be linear, (2) considering the effect of amplidyne saturation. The mathematical technique employed is state variables method. The calculated response curves are compared with the experimental results obtained on a practical system. The main results can be summerized as follows: 1) The effect of amplidyne saturation on the transient response of a dc voltage regulating system is to reduce the overshoot and setting time. 2) With the increase in level of the step reference voltage, the system response becomes apesiodic. 3) The steady output voltage is reduced appreciably compared to the linear case.