  We report the results of multiwavelength observations of the superluminal
X-ray transient GRO J1655-40 during and following the prominent hard X-ray
outburst of March-April 1995. GRO J1655-40 was continuously monitored by BATSE
on board CGRO, and repeatedly observed in the radio and optical bands from the
ground. About a month after the onset of the hard X-ray outburst, GRO J1655-40
was observed twice by HST on April 25 and 27 1995, with the aim of detecting
faint optical emission from ejected plasmoids. Despite the similarity of the
hard X-ray emission in April 1995 with previous events in 1994, no radio or
optical emission related to plasmoids was detected. We conclude that GRO
J1655-40 is subject to a complex behavior showing: radio-loud hard X-ray
outbursts with strong radio emission (of flux $f_r \goe 100$~mJy) both from a
`core' source and from propagating plasmoids (as those in 1994), and
radio-quiet hard X-ray outbursts with no detectable radio emission and plasmoid
activity ($f_r \loe 0.5$~mJy) (as those in 1995). Our results can constrain
models of particle acceleration and radiation of relativistic plasmoids.
