This paper attempts to assess the impact of improved estimates of areal potential evapotranspiration (PE) on the results of two rainfall–runoff models. A network of 42 PE stations was used for a sample of 62 watersheds and two watershed models of different complexity (the four-parameter GR4J model and an eight-parameter modified version of TOPMODEL), to test how sensitive rainfall–runoff models were to watershed PE estimated with the Penman equation.