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1 The role of undisturbed tropical land ecosystems in the global carbon budget is not well understood. It has been suggested that interannual climate variability can affect the capacity of these ecosystems to store carbon in the short term. In this paper, we use a transient version of the Terrestrial Ecosystem Model (TEM) to estimate annual carbon storage in undisturbed Amazonian ecosystems during the period 1980-94, and to understand the underlying causes of the year-to-year variations in net carbon storage for this region. 2 We estimate that the total carbon storage in the undisturbed ecosystems of the Amazon Basin in 1980 was 127.6 Pg C, with about 94.3 Pg C in vegetation and 33.3 Pg C in the reactive pool of soil organic carbon. About 83% of the total carbon storage occurred in tropical evergreen forests. Based on our model's results, we estimate that, over the past 15 years, the total carbon storage has increased by 3.1 Pg C (+ 2%), with a 1.9Pg C (+2%) increase in vegetation carbon and a 1.2-Pg C (+4%) increase in reactive soil organic carbon. The modelled results indicate that the largest relative changes in net carbon storage have occurred in tropical deciduous forests, but that the largest absolute changes in net carbon storage have occurred in the moist and wet forests of the Basin. 3 Our results show that the strength of interannual variations in net carbon storage of undisturbed ecosystems in the Amazon Basin varies from a carbon source of 0.2 Pg C/year to a carbon sink of 0.7 Pg C/year. Precipitation, especially the amount received during the drier months, appears to be a major controller of annual net carbon storage in the Amazon Basin. Our analysis indicates further that changes in precipitation combine with changes in temperature to affect net carbon storage through influencing soil moisture and nutrient availability. 4 On average, our results suggest that the undisturbed Amazonian ecosystems accumulated 0.2 Pg C/year as a result of climate... [ABSTRACT FROM AUTHOR]