Fisher's geometric model was originally introduced to argue that complex adaptations must occur in small steps because of pleiotropic constraints. When supplemented with the assumption of additivity of mutational effects on phenotypic traits, it provides a simple mechanism for the emergence of genotypic epistasis from the nonlinear mapping of phenotypes to fitness. Of particular interest is the occurrence of reciprocal sign epistasis, which is a necessary condition for multipeaked genotypic fitness landscapes. Here we compute the probability that a pair of randomly chosen mutations interacts sign epistatically, which is found to decrease with increasing phenotypic dimension n, and varies nonmonotonically with the distance from the phenotypic optimum. We then derive expressions for the mean number of fitness maxima in genotypic landscapes comprised of all combinations of L random mutations. This number increases exponentially with L, and the corresponding growth rate is used as a measure of the complexity of the landscape. The dependence of the complexity on the model parameters is found to be surprisingly rich, and three distinct phases characterized by different landscape structures are identified. Our analysis shows that the phenotypic dimension, which is often referred to as phenotypic complexity, does not generally correlate with the complexity of fitness landscapes and that even organisms with a single phenotypic trait can have complex landscapes. Our results further inform the interpretation of experiments where the parameters of Fisher's model have been inferred from data, and help to elucidate which features of empirical fitness landscapes can be described by this model. KEYWORDS fitness landscape; genotype-phenotype map; epistasis; adaptation; fitness peaks A fundamental question in the theory of evolutionary adaptation concerns the distribution of mutational effect sizes and the relative roles of mutations of small vs. large effects in the adaptive process (Orr 2005). In his seminal 1930 monograph, Ronald Fisher devised a simple geometric model of adaptation in which an organism is described by n phenotypic traits and mutations are random displacements in the trait space (Fisher 1930). Each trait has a unique optimal value and the combination of these values defines a single phenotypic fitness optimum that constitutes the target of adaptation. Because random mutations act pleiotropically on multiple traits, the probability that a given mutation brings the phenotype closer to the target decreases with increasing n. Fisher's analysis showed Jibong-ro, Wonmi-gu, Bucheon 14662, Republic of Korea. E-mail: spark0@catholic.ac.kr that, for large n, the mutational step size in units of the distance to the optimum must be smaller than 1/ √ n for the mutation to be beneficial with an appreciable probability. He thus concluded that the evolution of complex adaptations involving a large number of traits must rely on mutations of small effect. This conclusion was subsequently qualified by the realization tha...