We compare the relative precession frequencies of Hg and Cs magnetomet
ers as a function of the position of two 475 kg lead masses with respe
ct to an applied magnetic field. Our observations limit the size of a
possible monopole-dipole interaction expected to be produced by a pseu
doscalar particle such as the axion. For a range of 20 cm, the product
s of the scalar and pseudoscalar couplings (g(s)g(p)/HBARc) are found
to be less than 2.3 x 10(-29) and 3.6 x 10(-29) for couplings to the e
lectron and neutron spins, respectively. The e (n) limits are approxim
ately 3 (4) orders of magnitude better than earlier experiments.