  The bright Seyfert 1 galaxy \mcg shows large variability on a variety of time
scales. We study the $\aproxlt 3$ day time scale variability using a set of
simultaneous archival observations that were obtained from \rxte and the {\it
Advanced Satellite for Cosmology and Astrophysics} (\asca). The \rxte\
observations span nearly $10^6$ sec and indicate that the X-ray Fourier Power
Spectral Density has an rms variability of 16%, is flat from approximately
10^{-6} - 10^{-5} Hz, and then steepens into a power law $\propto f^{-\alpha}$
with $\alpha\aproxgt 1$. A further steepening to $\alpha \approx 2$ occurs
between 10^{-4}-10^{-3} Hz. The shape and rms amplitude are comparable to what
has been observed in \ngc and \cyg, albeit with break frequencies that differ
by a factor of 10^{-2} and 10^{4}, respectively. If the break frequencies are
indicative of the central black hole mass, then this mass may be as low as
$10^6 {\rm M}_\odot$. An upper limit of $\sim 2$ ks for the relative lag
between the 0.5-2 keV \asca band compared to the 8-15 keV \rxte band was also
found. Again by analogy with \ngc and \cyg, this limit is consistent with a
relatively low central black hole mass.
