Pairwise local sequence alignment is commonly used to search data bases for sequences related to some query sequence. Alignments are obtained using a scoring matrix that takes into account the different frequencies of occurrence of the various types of amino acid substitutions. Software like BLAST provides the user with a set of scoring matrices available to choose from, and in the literature it is sometimes recommended to try several scoring matrices on the sequences of interest. The significance of an alignment is usually assessed by looking at E-values and p-values. While sequence lengths and data base sizes enter the standard calculations of significance, it is much less common to take the use of several scoring matrices on the same sequences into account. Altschul proposed corrections of the p-value that account for the simultaneous use of an infinite number of PAM matrices. Here we consider the more realistic situation where the user may choose from a finite set of popular PAM and BLOSUM matrices, in particular the ones available in BLAST. It turns out that the significance of a result can be considerably overestimated, if a set of substitution matrices is used in an alignment problem and the most significant alignment is then quoted.