The XUV monochromator beamline installed at FLASH is a high-resolution plane grating (PG) monochromator of SX 700 type working over the energy range from 25eV...275eV (FEL fundamental) with an open port for user-provided experimental setups (3m x 4m platform space). The beamline layout permits a free choice of best compromise between photon flux and resolution (<10⁴ bandwidth, DLC coated optics). Furthermore, it can transport the harmonic FEL radiation up to ~900eV with reduced intensity.  Typical focus size at the experiment are in the range of 50-100 microns. Besides the monochromatizing operation mode also pink beam operation is possible. A XUV Split- and Delay Unit with variable time delay (±6 ps) for time resolved studies is incorporated in the beamline. Optional pump-probe experiments using the FLASH1 optical laser system synchronized to the x-ray pulses are possible. A high-resolution spectrometer mode (>10⁴ resolving power) allows to characterize the spectral properties of the FEL pulses and the temporal-spectral properties can be controlled at moderate resolution for pump-probe experiments. Standard photon pulse diagnostics and beam manipulation tools like, e.g. GMD intensity monitors, beam position monitors, sets of filters and apertures, gas absorber and a fast shutter are available. Thus, The PG2 monochramator beamline provides enough flexibility over the broad parameter range of FLASH to enable high resolution applications, pump-probe experiments with control over the temporal-spectral properties at moderate resolution, and high photon flux experiments with the option of harmonic filtering.