This paper presented the assessment of feature extraction methods used in automated diagnosis of arterial diseases. Since classification is more accurate when the pattern is simplified through representation by important features, feature extraction and selection play an important role in classifying systems such as neural networks. Different feature extraction methods were used to obtain feature vectors from ophthalmic and internal carotid arterial Doppler signals. In addition to this, the problem of selecting relevant features among the features available for the purpose of classification of Doppler signals was dealt with. Multilayer perceptron neural networks (MLPNNs) with different inputs (feature vectors) were used for diagnosis of ophthalmic and internal carotid arterial diseases. The assessment of feature extraction methods was performed by taking into consideration of performances of the MLPNNs. The performances of the MLPNNs were evaluated by the convergence rates (number of training epochs) and the total classification accuracies. Finally, some conclusions were drawn concerning the efficiency of discrete wavelet transform as a feature extraction method used for the diagnosis of ophthalmic and internal carotid arterial diseases.