The complexation of humic matter with lead in natural water conditions was studied by differential pulse anodic stripping voltammetry (DPASV) using a mercury film of a Nafion-coated mercury film as the working electrode. The results clearly show that the Nafion film greatly minimizes the adsorption of humics on the electrode. Besides adsorption, other effects on the voltammetic signal are discussed, such as the degree of lability, ligand heterogeneity, and the metal-to-ligand concentration ratio at the electrode surface.