A compensation circuit and method for reducing ISI products within an electrical data signal corresponding to a detected data signal received via a signal transmission medium introduces distinct compensation effects for individual ISI products within the electrical data signal. Distinct data signal components within the detected data signal and corresponding to such ISI products can be selectively and individually compensated, thereby producing a compensated data signal in which each selected one of such individual data signal components is substantially removed. Individual data signal components or selected combinations of data signal components can be compensated as desired.