  We report XTE and SAX observations of the X-ray pulsar RX J0146.9+612, the
neutron star/Be binary system with the longest known spin period. Data obtained
one month after the most recent outburst (July 1997), show that the source has
returned to its normal luminosity of a few 10^34 erg/s while spin down
continued at an average rate of about 5x10e-8 s/s.
