  We present the results from a study of the timing properties and the energy
spectrum of the radio-quiet quasar PG0804+761, based on monitoring RXTE PCA
observations that lasted for a year. This is a systematic study of the X-ray
variations on time scales of weeks/months of the most luminous radio-quiet
quasar studied so far. We detect significant variations in the 2-10 keV band of
an average amplitude of ~15%. The excess variance of the light curve is smaller
than that of Seyfert galaxies, entirely consistent with the relationship
between variability amplitude and luminosity defined from the Seyfert data
alone. The power spectrum of the source follows a power-like form of slope ~
-1. However, when we extend the power spectrum estimation at higher frequencies
using archival ASCA data, we find strong evidence for an intrinsic steepening
to a slope of ~ -2 at around ~ 1x10^(-6) Hz. This "break frequency" corresponds
to a time scale of ~ 10 days. The time-average energy spectrum is well fitted
by a power law model with Gamma ~ 2. We also find evidence for an iron line at
\~ 6.4 keV (rest frame) with EW 110 eV, similar to what is observed in Seyfert
galaxies. The flux variations are not associated with any spectral variation.
This is the only major difference that we find when we compare the variability
properties of the source with those of Seyfert galaxies. Our results support
the hypothesis that the same X-ray emission and variability mechanism operates
in both Seyfert galaxies and quasars.
