  We report on one year of photometric monitoring of the ultraluminous BAL
quasar APM 08279+5255. The temporal sampling reveals that this gravitationally
lensed system has brightened by ~0.2 mag in 100 days. Two potential causes
present themselves; either the variability is intrinsic to the quasar, or it is
the result of microlensing by stars in a foreground system. The data is
consistent with both hypotheses and further monitoring is required before
either case can be conclusively confirmed. We demonstrate, however, that
gravitational microlensing can not play a dominant role in explaining the
phenomenal properties exhibited by APM 08279+5255. The identification of
intrinsic variability, coupled with the simple gravitational lensing
configuration, would suggest that APM 08279+5255 is a potential golden lens
from which the cosmological parameters can be derived and is worthy of a
monitoring program at high spatial resolution.
