In glacier-fed systems climate change may have various effects over a range of time scales, including increasing river discharge, flood frequency and magnitude. This study uses a combination of empirical monitoring and modelling to project the impacts of climate change on the glacial-fed Middle Fork Toklat River, Denali National Park, Alaska. We use a regional calibration of the model HBV to account for a paucity of long term observed flow data, validating a local application using glacial mass balance data and summer flow records. Two Global Climate Models (HADCM3 and CGCM2) and two IPCC scenarios (A2 and B2) are used to ascertain potential changes in meteorological conditions, river discharge, flood frequency and flood magnitude. Using remote sensing methods this study refines existing estimates of glacial recession rates, finding that since 2000, rates have increased from 24 m per year to 68.5m per year, with associated increases in ablation zone ice loss. GCM projections indicate that over the 21(st) century these rates will increase still further, most extensively under the CGCM2 model, and A2 scenarios. Due to greater winter precipitation and ice and snow accumulation, glaciers release increasing meltwater quantities throughout the 21(st) century. Despite increases in glacial melt, results indicate that it is predominantly precipitation that affects river discharge. Three of the four IPCC scenarios project increases in flood frequency and magnitude, events which were primarily associated with changing precipitation patterns, rather than extreme temperature increases or meltwater release. Results suggest that although increasing temperatures will significantly increase glacial melt and winter baseflow, meltwater alone does not pose a significant flood hazard to the Toklat River catchment. Projected changes in precipitation are the primary concern, both through changing snow volumes available for melt, and more directly through increasing catchment runoff.