  We report the results of Chandra and XMM-Newton observations of a new
outburst of an ultra-luminous X-ray source in M101. During a Chandra monitoring
observation of M101, M101 ULX-1 was found to be in outburst in 2004 December,
the second outburst in 2004. The peak bolometric luminosity is about 3e40 erg/s
(7e39 erg/s in 0.3-7 keV). The outburst spectra are very soft and can generally
be fitted with a blackbody model with temperatures of 40-80 eV, similar to
supersoft X-ray sources in the Milky Way and in the Magellanic Clouds. In one
Chandra observation, the source spectrum appears to be harder with a
temperature of 150 eV. Such a spectral state is rarely seen in M101 ULX-1 and
no X-ray source in the Milky Way shows this kind of spectrum. However, such an
unusual spectral state very likely belongs to a new class of X-ray sources,
quasisoft X-ray sources, recently discovered in nearby galaxies. M101 ULX-1
returned to supersoft state in a subsequent XMM-Newton observation. Based on
the two outbursts in 2004, the extremely high luminosity (L_bol=1e40-1e41
erg/s), very soft X-ray spectra (kT=40-150 eV), transient behavior, and state
transition provide strong evidence that M101 ULX-1 harbors an intermediate-mass
black hole.
