In a television receiver, a saturable transformer has three windings, one being in series with a horizontal deflection coil to introduce a parabolic reactance variation to correct for side pincushion distortion. An adjustable correction circuit includes a transistor integrator for producing in another winding of the saturable transformer a vertical parabolic current. The last winding of the saturable transformer is coupled through a pair of switching diodes to a pair of variable inductors. The diodes conduct alternately at the beginning and end of the vertical scanning period. The variable inductors may be mounted coaxially with a common movable core to allow inverse side correction, or may be mounted separately with separate movable cores to allow independent side correction.