We report evidence for an similar to 80 d periodicity in the X-ray flux of
the hard transient pulsar XTE J1946+274. The 1.3-12keV light curve obtained
with the RossiXTE All Sky Monitor shows five regularly spaced flares over
a similar to 1 year baseline starting; from the outburst onset in Sept. 199
8. The first and strongest hare is somewhat longer than the subsequent four
flares, which recur in a fairly periodic fashion. This suggests that the p
rofile of the first flare is dominated by the time variability of the Be st
ar ejection episode, while the following four flares are primarily caused b
y the neutron star motion along an eccentric orbit.