Abstract-This paper discusses convergence of the incomplete Cholesky conjugate gradient method (ICCG) which solves edge-based finite-element equations for quasi-static electromagnetic fields. It has been observed in numerical computations that convergence of ICCG for the A-V method is faster than that for the A method. This phenomenon is found to be explained by the fact that, in the A-V method, the preconditioning eliminates the small singular values which deteriorate the condition number while they remain after the preconditioning in the case of the A method.Index Terms-Eddy current, edge element, finite-element method, ICCG, singular value.