We present a new model of solar irradiance variability at extreme ultraviol
et; wavelengths (EUV, 50-1200 Angstrom). In this model, quiet Sun, coronal
hole, and active region intensities for optically thin emission lines are c
omputed from emission measure distributions determined from spectrally and
spatially resolved observations, For optically thick emission lines and con
tinua, empirical values are used. The contribution of various solar feature
s to the spectral irradiance variability is determined from a simple model
of limb-brightening and full-disk solar images taken at the Big Bear Solar
Observatory and by the Soft X-Ray Telescope on Yohkoh. To extend our irradi
ance model beyond the time period covered by the available images, we use c
orrelations with proxies for solar activity. Comparisons with the available
irradiance data from the Atmospheric Explorer E (AE-E) spacecraft show tha
t our model is capable of reproducing the rotational modulation of the EUV
irradiance near solar maximum. The AE-E data, however, show systematically
more solar cycle variability than our model estimates.