We present the results of observations of the pulsating X-ray source 1
E 1048.1-5937 made with the ASCA GIS detectors. The source continues t
o exhibit spin-down at the faster rate reported from ROSAT observation
s rather than the slower spin-down rate initially measured. The X-ray
spectrum can be satisfactorily fitted with a power-law model, and we c
annot discriminate between this and the power law plus blackbody combi
nation used for two Other members of this class. The mean flux is appr
oximately a factor of 3 weaker than measured with EXOSAT, which is con
sistent with X-ray emission being powered by accretion. While these re
sults reinforce the similarity to 1E 2259+586, the pulsed fraction of
1E 1048.1-5937 is much larger with little energy dependence.