The Stratospheric Aerosol and Gas Experiment (SAGE) II water vapor retrieval process has been updated to reflect a new understanding of the instrument performance. Primarily, this is reflected in a shifted spectral response for the primary water channel near 935 nm for the period after January 1986. In addition, the water vapor and ozone spectroscopy, aerosol clearing process, and error estimation have been updated. The end result is that the measurement bias observed in version 6.1 and earlier versions has been effectively eliminated. The sensitivity to aerosol has been reduced, so that the recommended upper limit for usable water vapor is now 3 ¿ 10-4 km-1 in 1020-nm aerosol extinction. The comparable value for version 6.1 was ~2 ¿ 10-5 km-1, or 10 times more sensitive than in the new version. The impact of the channel drift on the retrieved water vapor relative to the simple model employed in this version will be difficult to separate from geophysical change, and therefore caution is recommended in evaluating trends derived from this data set.