  We report on two X-ray observations of the transient source XTE J0421+560
performed by BeppoSAX, and on a series of observations performed by the 0.7m
Teramo-Normale Telescope. Outburst peak occurrence time and duration depend on
photon energy: the outburst peak is achieved first in the X-ray band, then in
the optical and finally in the radio. An exponential decay law fits well the
X-ray data except in the TOO2 0.5-1.0 keV band, where erratic time variability
is detected. During TOO1 the e-folding time scale decreases with energy up to ~
20 keV, when it achieves a saturation; during TOO2 it decreases up to ~ 2 keV
and then increases. This change is correlated with a spectral change,
characterized by the onset of a soft (< 2 keV) component in TOO2 (Orr et al.
1998). This component might originate from the relativistic jets, while the
hard component is more likely associated to processes occurring in the
circumstellar matter and/or near the compact object. Optical observations show
that the object appears intrinsically red even during the outburst. The nature
of the compact object is discussed.
