This paper proposes a class of modified variable step-size normalized least mean square (VS NLMS) algorithms. The class of schemes are obtained from estimating the optimum step-size of NLMS that minimizes the mean square deviation (MSD). During the estimation, we consider the properties of the additive noise and the input excitation together. The developed class of VS NLMS algorithms have simple forms and give improved tradeoff of fast convergence rate and low misadjustment in system identification.