The blazar 3C 345 underwent a 2.5 mag optical outburst between 1990 No
vember and 1991 May. We have obtained 10 nearly simultaneous multifreq
uency spectra during the course of the outburst in order to study the
multifrequency spectral variations of 3C 345 as a function of time. Al
though our observations were not sampled frequently enough to complete
ly resolve the variations in every frequency band, the general rise an
d decline of the outburst were seen in the UV through radio with diffe
ring rise times. Simulations of an electron distribution injected into
a tangled magnetic field show a relationship between frequency and ch
aracteristic timescale that was also observed in the radio variations
of 3C 345. The two X-ray observations made during the monitoring perio
d showed no evidence of variability. The multifrequency spectrum was m
odeled with two major components: a relativistic jet and a relativisti
c thermal accretion disk. Models calculated for each spectrum indicate
that the outburst can be explained in terms of these models by varyin
g the high-energy cutoff of the injected electron distribution in the
jet model, while also varying the mass accretion rate in the disk mode
l. There is marginal evidence that the inferred accretion rate varies
with the jet luminosity.