The paper argues that cognitive states of biological systems are inherently temporal. Three adequacy conditions for neuronal models of representation are vindicated: the compositionality of meaning, the compositionality of content, and the co-variation with content. Classicist and connectionist approaches are discussed and rejected. Based on recent neurobiological data, oscillatory networks are introduced as a third alternative. A mathematical description in a Hilbert space framework is developed. The states of this structure can be regarded as conceptual representations satisfying the three conditions.