In an actively deforming orogen, maintenance of a topographic steady state requires that hillslope erosion, river incision, and rock uplift rates are balanced over timescales of 10(5)-10(7) years. Over shorter times, <10(5) years, hillslope erosion and bedrock river incision rates fluctuate with changes in climate. On 10(4)-year timescales, the Marsyandi River in the central Nepal Himalaya has oscillated between bedrock incision and valley alluviation in response to changes in monsoon intensity and sediment flux. Stratigraphy and C-14 ages of fill terrace deposits reveal a major alluviation, coincident with a monsoonal maximum, ca. 50-35 ky BP. Cosmogenic Be-10 and Al-26 exposure ages define an alluviation and reincision event ca. 9-6 ky BP, also at a time of strong South Asian monsoons. The terrace deposits that line the Lesser Himalayan channel are largely composed of debris flows which originate in the Greater Himalayan rocks up to 40 kin away. The terrace sequences contain many cubic kilometers of sediment, but probably represent only 2-8% of the sediments which flushed through the Marsyandi during the accumulation period. At similar to10(4)-year timescales, maximum bedrock incision rates are similar to7 mm/year in the Greater Himalaya and similar to1.5 mm/year in the Lesser Himalayan Mahabarat Range. We propose a model in which river channel erosion is temporally out-of-phase with hillslope erosion. Increased monsoonal precipitation causes an increase in hillslope-derived sediment that overwhelms the transport capacity of the river. The resulting aggradation protects the bedrock channel from erosion, allowing the river gradient to steepen as rock uplift continues. When the alluvium is later removed and the bedrock channel re-exposed, bedrock incision rates probably accelerate beyond the long-term mean as the river gradient adjusts downward toward a more "equilibrium" profile. Efforts to document dynamic equilibrium in active orogens require quantification of rates over time intervals significantly exceeding the scale of these millennial fluctuations in rate. (C) 2003 Elsevier B.V. All rights reserved.