Abstract: We present the Schwinger and Newton variational principles for the log‐derivative matrix. These methods have one significant advantage over their K, or T matrix analogs: the Green’s functions that satisfy the log‐derivative boundary conditions can be made independent of the scattering energy, which means that all matrix elements between basis functions become energy independent, and hence need be evaluated only once. The convergence characteristics of these functionals are compared with those of the K matrix Schwinger and Newton functionals, for potential scattering problems. The amplitude density version of the Newton variational principle is then generalized to the multichannel case, and used to compute transition probabilities for a popular inelastic scattering problem at several energies. These results are compared to those obtained from the application of a discrete representation of the Kohn variational principle for the log‐derivative matrix to the same problem.