  We present a 50 ks observation of the gamma-ray binary LSI+61303 carried out
with the ACIS-I array aboard the Chandra X-ray Observatory. This is the highest
resolution X-ray observation of the source conducted so far. Possible evidence
of an extended structure at a distance between 5 and 12 arcsec towards the
North of LSI+61303 have been found at a significance level of 3.2 sigma. The
asymmetry of the extended emission excludes an interpretation in the context of
a dust-scattered halo, suggesting an intrinsic nature. On the other hand, while
the obtained source flux, of F_{0.3-10 keV}=7.1^{+1.8}_{-1.4} x 10^{-12}
ergs/cm^2/s, and hydrogen column density, N_{H}=0.70+/-0.06 x 10^{22} cm^{-2},
are compatible with previous results, the photon index Gamma=1.25+/-0.09 is the
hardest ever found. In light of these new results, we briefly discuss the
physics behind the X-ray emission, the location of the emitter, and the
possible origin of the extended emission ~0.1 pc away from LSI+61303.
