This paper provides an analysis of contributions to the apparent, reversing heat capacity when measured by temperature-modulated differential scanning analysis (TMDSC) with an underlying heating rate in the temperature range where irreversible transitions with latent heats occur. To deconvolute the data of a TMDSC scan into a total and reversing part, it is common practice to use the sliding averages and the first harmonics of the Fourier series of temperature and heat-flow rate. Under certain conditions, this procedure produces erroneous reversing contributions which are detailed by experiment and simulation. Unless the response to the temperature modulation is linear, the total heat-flow rate is stationary, and the transition is truly reversible and occurs only once during the temperature scan, one cannot expect a true deconvolution of total and reversible effects. In the presence of multiple, irreversible transitions within a modulation period, however, each process involving latent heat can increase the modulation amplitude, as demonstrated by computer-simulation of polymer melting. As a result, the multiple transitions may give erroneously high latent heats when integrating the apparent reversing heat capacity with respect to temperature. (C) 2003 Elsevier B.V. All rights reserved.