A DC-to-DC converter generates multiple outputs from a single input supply using a single inductor. The inductor current can be changed rapidly by connecting the input voltage in either direction across the inductor using switches A to F. In use, current flows from the input supply through the inductor to an output during a charge phase, then current flows from ground through the inductor to the output in a discharge phase. The level of inductor current at the end of the discharge phase is stored. Before the next charge phase for the same output, the input supply is connected across the inductor in a slew phase to bring the inductor current to the stored level. This reduces crosstalk between outputs having different power requirements. Variable frequency noise in the converter is reduced by giving each output the same total time (slew phase+charge phase+discharge phase).