Nowadays, the cartridge valve can be controlled proportionally in remote place by adopting proportional solenoid and it becomes widely used as control component in hydraulic systems. Especially, multi stage proportional valve is attractive because it consumes less input power though its characteristics might slightly be defected. But, the system parameter should be carefully chosen to obtain optimistic characteristics. This study concerning three stage proportional throttle control valve is purposed to examine the influences of paameters to the dynamic characteristics. The typical transient and frequency responses of proportional throttle control valve were inspected through the experiments and compared to those derived from the theoritical analyses. And it was confirmed that the analyses are appropriate. Then the influences of various system parameters to the dynamic characteristics were examined by means of simulations. For the analyses, the basic equations derived from lumped model were linearized and the linearized equations were transformed to the transfer functions between inputs and outputs. Then the transient responses and frequency responses were obtained from transfer functions. 1. It is appropriate to estimate the dynamic characteristics of valve which has relatively sophisticated structure by means of system analyses using linearized equations. 2. Though the valve has two pilot stages, fairly good characteristics can be obtained by carefully choosing system parameters. 3. Main valve very quickly follows the movement of second pilot valve when the parameters of main valve(the oil supply passage and discharge passage fpr second pilot valve) are appropriately chosen.