  We reexamine the charm contribution to atmospheric lepton fluxes in the
context of perturbative QCD. We include next-to-leading order corrections and
discuss theoretical uncertainties due to the extrapolations of the gluon
distributions at small-x. We show that the charm contribution to the
atmospheric muon flux becomes dominant over the conventional contribution from
pion and kaon decays at energies of about 10^5 GeV. We compare our fluxes with
previous calculations.
