  The G0V star HD166435 has been observed by the fiber-fed spectrograph ELODIE
as one of the targets in the large extra-solar planet survey that we are
conducting at the Observatory of Haute-Provence. We detected coherent,
low-amplitude, radial-velocity variations with a period of 3.7987days,
suggesting a possible close-in planetary companion. Subsequently, we initiated
a series of high-precision photometric observations to search for possible
planetary transits and an additional series of CaII H and K observations to
measure the level of surface magnetic activity and to look for possible
rotational modulation. Surprisingly, we found the star to be photometrically
variable and magnetically active. A detailed study of the phase stability of
the radial-velocity signal revealed that the radial-velocity variability
remains coherent only for durations of about 30days. Analysis of the time
variation of the spectroscopic line profiles using line bisectors revealed a
correlation between radial velocity and line-bisector orientation. All of these
observations, along with a one-quarter cycle phase shift between the
photometric and the radial-velocity variationss, are well explained by the
presence of dark photospheric spots on HD166435. We conclude that the
radial-velocity variations are not due to gravitational interaction with an
orbiting planet but, instead, originate from line-profile changes stemming from
star spots on the surface of the star. The quasi-coherence of the
radial-velocity signal over more than two years, which allowed a fair fit with
a binary model, makes the stability of this star unusual among other active
stars. It suggests a stable magnetic field orientation where spots are always
generated at about the same location on the surface of the star.
