Evaporation rates over Lake Kinneret were directly and continuously measured by means of the eddy correlation system (ECS) for the relatively long periods of 20 and 44 days at the beginning and end of the summer (first and second periods), respectively. Results clearly show that wind speed and stability of thermal stratification over the water surface strongly affect evaporation from the lake. Consequently, large differences in measured daily evaporation rates were apparent during both periods. Evaporation rates, estimated by the energy budget method (EBM) were compared with the corresponding values measured directly by the ECS. Large differences were found between the estimated hourly evaporation rates and the measured ones, in both the values and the timing of maximal rates. In addition, the EBM calculated negative nocturnal evaporation rates, while the ECS measured positive values. Differences between estimated and measured evaporation rates monitored on a daily basis were also noted. The differences were larger for the first period, characterized by sharav events denoting climatic instability. High evaporation rates resulting from strong winds were not depicted by EBM estimates. The distributions of hourly evaporation rates over a 24 hour period or of the daily rates over an entire period as estimated by the EBM were very similar to those of net radiation, while corresponding distributions resulting from ECS measurements were very similar to those of wind speed. The daily averaged evaporation rate for the first period, calculated by the EBM, was smaller than the corresponding value resulting from ECS measurements. When applied on a hourly basis, the EBM gave a much more similar estimate. For the second period, there were no significant differences between the daily average based on the computed values (for both daily and hourly intervals) and the corresponding average based on the measured ones. ¿ American Geophysical Union 1993