The unprecedented single shot precision of the new-born Matera Laser Rangin
g Observatory (MLRO), that can reach a scattering down to a few millimeters
on LAGEOS orbit, discloses new chances in studying the high frequency dyna
mics. In this work we present the very first LAGEOS-2 observations in terms
of range residuals and discuss the cause of the high frequencies noticed s
ince the testing phase of the MLRO system. There are sufficient theoretical
and experimental evidences to interpret those signals as rotational signat
ures of the spinning satellite and the first quantitative results we obtain
ed indicates a rotation period of 23.5 s on May 31, 2000.