In training a SERDES, a Common Electrical Interface (CEI) training frame, having certain bits of information embedded therein, is transmitted over a path which comprises transmitter, channel, and receiver components. The present invention analyzes the resulting received signal and determines the effective aggregate channel impulse response of these three components. The invention then determines an estimate of the inverse of this aggregate channel and uses this determination to reduce distortions that have been introduced into a signal that has been transmitted over the path.