  During 1997 March-July, XTE observed the bright, strongly variable Seyfert 1
galaxy NGC 3516 once every ~12.8 hr for 4.5 months and nearly continuously
(with interruptions due to SAA passage but not Earth occultation) for a 4.2 day
period in the middle. These were followed by ongoing monitoring once every ~4.3
days. These data are used to construct the first well-determined X-ray
fluctuation power density spectrum (PDS) of an active galaxy to span more than
4 decades of usable temporal frequency. The PDS shows no signs of any strict or
quasi-periodicity, but does show a progressive flattening of the power-law
slope from -1.74 at short time scales to -0.73 at longer time scales. This is
the clearest observation to date of the long-predicted cutoff in the PDS. The
characteristic variability time scale corresponding to this cutoff temporal
frequency is 1 month. Although it is unclear how this time scale may be
interpreted in terms of a physical size or process, there are several promising
candidate models. The PDS appears similar to those seen for Galactic black hole
candidates such as Cyg X-1, suggesting that these two classes of objects with
very different luminosities and putative black hole masses (differing by more
than a factor of 10^5) may have similar X-ray generation processes and
structures.
