We studied temporal dynamics and regulation of oxygen metabolism in the upper mixed layer of a nutrientrich shallow Danish lake by continuous measurements of oxygen, irradiance, wind, and temperature and frequent measurements of algal chlorophyll, organic pools, and inorganic nutrients. Chlorophyll, algal growth rate, and mean irradiance (E mean ) in the mixed surface layer were calculated daily from continuous measurements of irradiance and temperature with depth. There were three to four distinct maxima in gross primary production (GPP) and community respiration (R) during the summer season and minima from fall to spring after broad-scale changes in irradiance, temperature, mixing depth, and biomass and growth rate of the algal community and concentrations of inorganic nutrients. Lake metabolism was annually balanced (mean GPP : R 1. However, GPP : R varied two-to threefold from day to day because lower surface irradiance, higher mixing depth, and thus lower E mean significantly reduced GPP. Normalizing GPP to chlorophyll provided an index of algal growth potential (GPP B ), which followed a hyperbolic relationship to E mean , and both parameters were related to blooms and collapses of algal biomass. Metabolic rates were much more variable from day to day than algal biomass, which integrates growth and loss processes over longer periods. The continuous approach to lake metabolism provides better data and can provide a more accurate picture than averages of a few discrete measurements. Weekly averages reflected the characteristic seasonal peaks and troughs also observed for algal biomass, whereas monthly averages did not. Daily measurements of lake metabolism, therefore, can provide the optimal background for evaluating temporal changes and regulation of algal biomass and organic pools in nutrient-rich shallow lakes.Gross primary production, ecosystem respiration, and the balance between the two are known to vary widely across aquatic ecosystems and to display large temporal variations within ecosystems (D'Avanzo et al. 1996;Smith and Hollibaugh 1997;Cole et al. 2000). Although intersystem differences and long-term changes in annual and seasonal patterns have been studied for several decades (e.g., Odum and Hoskins 1958; Whittaker and Likens 1973), much less is known of the considerable short-term changes in metabolism between days and weeks. Day-today differences in irradiance and temperature obviously affect rates of photosynthesis and community respiration, and weaken statistical relationships to nutrients and biomasses of phytoplankton, bacteria, and zooplankton. Despite the highly dynamic behavior, many previous studies of lake metabolism have been forced to use timeaveraged conditions for years and seasons rather than the dynamic daily values (Kalff 2002), which can now be monitored by new, reliable, and fairly cheap technologies. The improved understanding of temporal dynamics obtained by a continuous monitoring approach therefore has the potential to strengthen predictions of how changes in envi...