Knowledge of stepwise binding constants for complexes with higher than 1:1 stoichiometry would allow one to study the cooperativity of their formation. However, a detailed analysis of partitioning of the overall binding constant beta 12 determined by NMR titrations for the 1:2 complex of (+)-camphor with alpha-cyclodextrin into the stepwise ones K1 and K2 carried out analogously to published procedures revealed that the partitioning cannot be carried out unequivocally for K1 << K2. The programs for partitioning cannot be used as a black box and a satisfactory reproduction of the experimental dependence of relative shifts as a function of relative CD concentration should not be the only criterion of the reliability of the stepwise binding constants obtained using such programs.