Electronic Telegram No. 12 Central Bureau for Astronomical Telegrams INTERNATIONAL ASTRONOMICAL UNION M.S. 18, Smithsonian Astrophysical Observatory, Cambridge, MA 02138, U.S.A. IAUSUBS@CFA.HARVARD.EDU or FAX 617-495-7231 (subscriptions) CBAT@CFA.HARVARD.EDU (science) URL http://cfa-www.harvard.edu/iau/cbat.html XTE J1550-564 P. Woudt, University of Cape Town (UCT); and P. Charles and I. C. Shih, University of Southampton, report that, following the INTEGRAL detection of renewed hard x-ray activity in the blackhole transient XTE J1550-564, they obtained high-speed photometry of the optical counterpart (Jain et al. 2001, Ap.J. 554, L181) with the South African Astronomical Observatory 1.9-m telescope (+ UCT CCD) during 25 min on Mar. 27. The object appeared at V about 18 (close to its maximum during the 2000 outburst) and it displays significant variability on timescales of 1-2 min, including a flare of about 0.5 mag lasting < 20 s. Further observations of this microquasar at infrared and radio observations are strongly encouraged. NOTE: These 'Central Bureau Electronic Telegrams' are intended to be preliminary announcements of items that later appear in the formal IAU Circulars. Citations should normally be made to IAUCs rather than to CBETs. (C) Copyright 2003 CBAT 2003 March 29 (CBET 12) Daniel W. E. Green