Our purpose here is to emphasize the need to properly deal with sampling variance when studying population variability and to present a means of doing so. We present an estimator for temporal variance of population size for the general case in which there are both sampling variances and covariances associated with estimates of population size. We illustrate the estimation approach with a series of population size estimates for black-capped chickadees (Parus atricapillus) wintering in a Connecticut study area and with a series of population size estimates for breeding populations of ducks in southwestern Manitoba.