text: The expressions for the T-matrix resulting from both methods can be related to certain class of variational principles. In the case of first iteration of MCFV method we get the same result as from Schwinger variational principle with trial function . The higher iterations with N-terms in the continuous fraction reproduce exactly 2N terms (2N + 1) of Born series for the MCFV (or MCFG) method respectively. The method was tested on calculation of collisions of electrons from hydrogen atom in static-exchange approximation. In this case the method reproduces exact results for scattering cross-section on 6 significant digits in 4 iterations. It can also be shown that both methods reproduce exactly the solution of the Lippmann-Schwinger equation with the potential given by finite-rank operator. The number of iterations is then equal to the rank of the potential. The method has been successfully used for solution of problems in both nuclear and molecular physics.