Two experiments compared the reinforcing effects of sucrose and maltose across a range of concentrations. The results were interpreted using the Multiplicative Hyperbolic Model of reinforcer value (MHM). In Experiment 1, rats were exposed to a discrete-trials schedule in which they chose between the test compound (sucrose or maltose) and a standard sucrose solution (0.4 M, delivered after a 4-s delay). Percentage choice of each test compound increased as a function of concentration. The maximum percentage choice of maltose was significantly less than that of sucrose; the concentration corresponding to the half-maximal selection of the test compound was lower for maltose than for sucrose. In Experiment 2 the preference function for sucrose alone was compared with the preference function for a sucrose solution to which a fixed concentration of maltose had been added. The presence of maltose elevated the function and shifted it leftwards (i.e. towards lower concentrations). The results were interpreted in terms of MHM using two alterntive models ‘borrowed’ from classical pharmacological receptor theory. It was concluded that maltose and sucrose are not fully substitutable reinforcers and that the reinforcing effect of maltose may be mediated by an action at more than one species of sweet taste receptor.