An average current mode switching converter for providing a regulated output current independent of load conditions, and a regulated output voltage as a function of the load connected to the converter, comprising: an inductor; a sensing resistance element configured and arranged so as to conduct current representative of the current flowing through the inductor; a modulator, including a switching circuit having an output coupled to the inductor and configured to provide a regulated current through the inductor by controlling the on-off cycle of the switching current and including an OR gate including an output connected to drive the switching circuit and a pair of inputs; a first feed back loop, including an error amplifier for providing a signal to the modulator in response to current flowing through the sensing resistance element for regulating the current through the inductor as a function of a first reference voltage; and wherein the signal output from the first feedback loop is coupled indirectly to a first input of the OR gate; a precharger configured and arranged so as to provide and maintain a preset minimum current through the inductor independent of the load so as to improve the recovery time of the converter from a step in the desired regulated output current so as to regulate the inductor current so that the inductor current is maintained at the preset minimum in response to such a step within a first cycle of the modulator; wherein the precharger includes a second feedback loop comprising a comparator configured and arranged so as to (i) compare the voltage across the sensing resistance element with a second reference voltage and (ii) provide an output to the second input of the OR gate so as to maintain the current through the inductor at a minimum level as a function of the second reference voltage, wherein the second feedback loop further includes a latch having a set input configured to receive a set input signal during no load conditions for enabling the precharger so that current is provided through the inductor if the current through the inductor is below the preset minimum current, and a reset input coupled to the output of the comparator so as to reset the latch should the current reach or exceed the preset minimum. an inductor; a sensing resistance element configured and arranged so as to conduct current representative of the current flowing through the inductor; a modulator, including a switching circuit having an output coupled to the inductor and configured to provide a regulated current through the inductor by controlling the on-off cycle of the switching current and including an OR gate including an output connected to drive the switching circuit and a pair of inputs; a first feed back loop, including an error amplifier for providing a signal to the modulator in response to current flowing through the sensing resistance element for regulating the current through the inductor as a function of a first reference voltage; and wherein the signal output from the first feedback loop is coupled indirectly to a first input of the OR gate; a precharger configured and arranged so as to provide and maintain a preset minimum current through the inductor independent of the load so as to improve the recovery time of the converter from a step in the desired regulated output current so as to regulate the inductor current so that the inductor current is maintained at the preset minimum in response to such a step within a first cycle of the modulator; wherein the precharger includes a second feedback loop comprising a comparator configured and arranged so as to (i) compare the voltage across the sensing resistance element with a second reference voltage and (ii) provide an output to the second input of the OR gate so as to maintain the current through the inductor at a minimum level as a function of the second reference voltage, wherein the second feedback loop further includes a latch having a set input configured to receive a set input signal during no load conditions for enabling the precharger so that current is provided through the inductor if the current through the inductor is below the preset minimum current, and a reset input coupled to the output of the comparator so as to reset the latch should the current reach or exceed the preset minimum.