The recently reported correlation between clouds and galactic cosmic rays (GCR) implies the existence of a previously unknown process linking solar variability and climate. An analysis of the interannual variability of International Satellite Cloud Climatology Project D2 (ISCCP-D2) low-cloud properties over the period July 1983 to August 1994 suggests that low clouds are statistically related to two processes, (1) GCR and (2) El Ni¿o--Southern Oscillation (ENSO), with GCR explaining a greater percentage of the total variance. Areas where satellites have an unobstructed view of low cloud possess a strong correlation with GCR, which suggests that low-cloud properties observed in these regions are less likely to be contaminated from overlying cloud. The GCR-low cloud correlation cannot easily be explained by internal climate processes, changes in direct solar forcing, or UV-ozone interactions. Instead, it is argued that a mechanism involving solar variability via GCR ionization of the atmosphere is consistent with these results. However, the results are marginal when including the recently extended ISCCP-D2 data covering the period until September 2001. This, we believe, is related to problems experienced with the ISCCP intercalibration between September 1994 and January 1995.