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In this paper, a new modified hybrid learning algorithm for feedforward neural networks is proposed to obtain better generalization performance. For the sake of penalizing both the input-to-output mapping sensitivity and the high frequency components in training data, the first additional cost term and the second one are selected based on the first-order derivatives of the neural activation at the hidden layers and the second-order derivatives of the neural activation at the output layer, respectively. Finally, theoretical justifications and simulation results are given to verify the efficiency and effectiveness of our proposed learning algorithm.