Abstract: A DC/DC converter has a transformer and a switching transistor provided with a discharge circuit and activated by an actuating circuit. The discharge circuit includes a choke in series with two reverse oriented diodes, and a capacitor connected between the junction of the diodes and the collector of the transistor. With this arrangement, the conventional demagnetizing winding of the transformer may be omitted. The duty factor may be chosen very high, to about 0.75, and the actuation of the switching transistor upon occurrence of a maximum negative magnetizing current may lead to a doubling of the usable induction.