Actions α of a discrete
amenable group G on an injective factor ℳ of type IIIλ, λ≠1, are classified up to
cocycle conjugacy in terms of the module mod(α), the characteristic invariant χα
and the modular invariant να of α. These invariants live on the flow of weights. It is
also shown that each element of H1(ℱ(ℳ)), the first cohomology group of the flow of
weights, has a C∞-representative cocycle.