An analog, adaptive generalized transversal equalizer for use in the filtering system of a disc drive PRML read channel, the transversal equalizer employing the use of non-ideal delay elements. The filtering system comprises the equalizer connected in series with an adaptive, analog prefilter. The prefilter is comprised of a plurality of serially connected, adaptive, analog filter stages having variable transfer functions determined by adaptive parameter signals received by the filter stages. The generalized transversal equalizer comprises a plurality of serially connected, adaptive, analog low pass filters, having taps on either side of each low pass filter, a plurality of multipliers that receive signals at the tap locations of the delay circuit, and a summing circuit that receives the outputs of the multipliers. The transfer functions of the delay circuit are continuously variable in relation to adaptive parameter signals received by the delay circuit and the coefficients of multiplication are variable in relation to the adaptation process.