Abstract: In a device which is for use in a receiver of a multivalued digital communication system and which includes a reference voltage producing circuit (51) for producing signal discriminating reference voltages and signal regenerating reference voltages related to one another, a level discriminating circuit (31) for discriminating a multivalued received signal with reference to the signal discriminating reference voltages to produce a local encoded signal, a signal decoding circuit (32) for decoding the local encoded signal into a decoded signal, a signal regenerating circuit (33) responsive to the local encoded signal for regenerating a multivalved regenerated signal having the signal regenerating reference voltages, a comparator (34) for comparing the received and the regenerated signals to produce a result of comparison, and an integrator (35) for integrating the result of comparison to produce a result of integration, the signal discriminating and regenerating reference voltages are regulated by the result of