  We have analyzed both archival and new infrared imaging observations of the
field of the Anomalous X-ray Pulsar 1RXS J170849.0-400910, in search of the
infrared counterpart. This field has been previously investigated, and one of
the sources consistent with the position of the AXP suggested as the
counterpart. We, however, find that this object is more likely a background
star, while another object within the positional error circle has non-stellar
colors and shows evidence for variability. These two pieces of evidence, along
with a consistency argument for the X-ray-to-infrared flux ratio, point to the
second source being the more likely infrared counterpart to the AXP.
