The Solar Mesosphere Explorer (SME) satellite has observed the visible sunlight scattered at the earth's limb since early 1982. By using a radiative transfer model including multiple scattering and albedo effects, observations at 20¿ N latitude have been interpreted in terms of aerosol optical depth. The ratio of aerosol extinction to Rayleigh extinction at 431.8 nm shows a large increase after the eruption of El Chichon. A maximum ratio of 5 at 36 km and a larger than 11 at 30 km occurs in the summer of 1982 followed by a decrease through 1983 and 1984. Aspects of the aerosol time evolution appear to be consistent with other observations and model predictions. Quantitative differences exist between inferred SME and lidar extinction coefficients, possibly due to the different wavelengths of the measurements and to the different scattering phase functions used in the two analyses. It is also shown that visible limb radiances provide information on the planetary albedo, which shows an increase from the equator to the poles with a maximum in the winter hemisphere and a minimum in the summer hemisphere. ¿ American Geophysical Union 1987