Componentwise fast convergence in solving nonlinear equations N. I. M. Gould, D. Orban, A. Sartenaer, Ph. L. Toint Report 00-05 Newton's method for the solution of nonlinear systems of equations is considered. The original system is perturbed by a term involving the variables and a scalar parameter which is driven to ZERO as the iteration proceeds. The exact local solutions to the perturbed systems then form a differentiable path leading to a solution of the original system, the scalar parameter determining the progress along the path. A homotopy-type algorithm, which involves an inner iteration in which the perturbed systems are approximately solved, is outlined. It is shown that asymptotically, a single linear system is solved per update of the scalar parameter. It turns out that a {\em componentwise} Q-superlinear rate may be attained under standard assumptions, and that this rate may be made arbitrarily close to quadratic. Numerical experiments illustrate the results and we discuss the relationships that this method shares with interior methods in constrained optimization.