NASA NTRS2005
The purpose of this proposal was to monitor the spectral variability of two luminous ULXs. One was awarded for study, in the galaxy NGC1365. The ULX NGC1365 X-1 is one of the few reported reaching X-ray luminosities near 10(exp 40) erg/s, and as such is a good IMBH candidate. The ULX was seen to vary in the ROSAT data. We now have 6 new observations: 1 archival Chandra observation and 5 observations we have obtained with XMM, including this proposal and a follow up XMM-Newton observation of NGC1365, aimed at studying the variable nuclear AGN. With this data set, we are studying in detail the spectral variability properties of this source. We observe a factor 4 variability among the XMM observation, with a peak luminosity approx.9 x 10(exp 39) ergs/s. There is also evidence of variability in the X-ray colors and spectral parameters. The last two XMM exposure of 60 ks each demonstrate that a simple power-law spectrum is not a good fit to the data, suggesting in both instances soft excesses, with possibly different temperatures.