Experiments from the periodic and aperiodic traditions were used to guide the development of a quantitatively valid model of light adaptation dynamics. Temporal contrast sensitivity data were collected over a range of 3 log units of mean luminance for sinusoids of 2 to 50 Hz. Probe thresholds on flashed backgrounds were collected over a range of stimulus-onset asynchronies and background intensities from 0.1 to 1000 td. All experiments were performed foveally in the photopic range and used a consistent stimulus paradigm and psychophysical method. The resulting model represents a merging of elements from both traditions, and consists of a frequency-dependent front-end followed by a subtractive process and static nonlinearity.