We report the discovery of two cataclysmic variables located with the
assistance of X-ray positions from the HEAO 1 Modulation Collimator an
d the Large-Area Sky Survey. Each case is distinguished by evidence of
two periodic modulations that appear to represent the orbital period
and the spin period of the white dwarf, respectively. The first case,
H0459 + 246, has been observed optically during faint states (V approx
imately 16), in which there are spectral features of both an accretion
disk and a K star. The light curves in the V and I bands are consiste
nt with ellipsoidal variations in the secondary stars with a binary pe
riod of 9.952 hr. X-ray observations with EXOSAT reveal a strong pulsa
tion with a period approximations 62 minutes. This result confirms an
''intermediate polar'' classification for H0459 + 246. The pulsation i
s observed at 63.2 minutes in the optical I band. The long orbital per
iod opens the possibility that H0459 + 246 is a relatively young inter
mediate polar that might evolve into a polar. The second case, H0857 -
242, shows radial velocity modulations at 1.78 hr along with photomet
ric variations at a period approximately 49 minutes. The latter are ob
served only during the decay phase of dwarf nova outbursts (13 < V < 1
7), which apparently recur frequently. Given the lack of X-ray monitor
ing observations and the absence of proof that the 49 minute periodici
ty is coherent over long time-scales, we regard H0857 - 242 as a candi
date intermediate polar. Photographic records from the Harvard Observa
tory Plate Library further reveal superoutbursts for H0857 - 242 (V ap
proximately 11). A bright X-ray source that is both an intermediate po
lar and a continually cycling dwarf nova may provide an effective mean
s of measuring the time delay for the arrival of accreting matter at t
he white dwarf surface, relative to the onset of optical brightening.