A current mode controlled DC/DC converter that includes an adaptive clamp voltage circuit at an error amplifier output to significantly reduce overshoot in the output of the converter if the target voltage changes rapidly. If a current limiter is active, the clamp level of the adaptive clamp voltage circuit is decreased at an appropriate rate. Similarly, if the current limiter is not activated, the adaptive clamp voltage circuit is restored to an initial clamp level. The operation of the adaptive clamp circuit at the output of the error amplifier enables a relatively faster reduction in both overshoot and the amount of time before the converter's output voltage and output current settle back down to a relatively constant state.