  The effect of the recently obtained 2nd post-Newtonian corrections on the
accuracy of estimation of parameters of the gravitational-wave signal from a
coalescing binary is investigated. It is shown that addition of this correction
degrades considerably the accuracy of determination of individual masses of the
members of the binary. However the chirp mass and the time parameter in the
signal is still determined to a very good accuracy. The possibility of
estimation of effects of other theories of gravity is investigated. The
performance of the Newtonian filter is investigated and it is compared with
performance of post-Newtonian search templates introduced recently. It is shown
that both search templates can extract accurately useful information about the
binary.
