Because it is useful to have the molecular electrostatic potential as an element in a complex scheme to assess the toxicity of large molecules, efficient and reliable methods are needed for the calculation and characterization of these potentials. A multicenter multipole expansion of the molecular electron charge density calculated with a limited Gaussian basis set is shown here to have only a finite number of nonzero terms from which the molecular electrostatic potential can be calculated. The discrete contributions to the electrostatic potentials from the terms of the expansion provide a physically meaningful decomposition of the potential and a means for its characterization. With pyrrole as an example, the electrostatic potential calculated from the finite expansion of the electron density is compared to that obtained from exact calculations from the same wave function. Good agreement is obtained at distances greater than 1.5 A from any atom in the molecule. In contrast, rearrangement of the terms into an expansion corresponding only to Mulliken atomic charges and dipoles yields a decomposition that produces electrostatic potentials which agree less well with the exact potential. The discrepancy is attributable to the neglect of terms due to higher moments. (Copyright (c) 1986 John Wiley & Sons, Inc.)