  The starburst galaxy M82 contains two ultraluminous X-ray sources (ULXs),
CXOM82 J095550.2+694047 (=X41.4+60) and CXOM82 J095551.1+694045 (=X42.3+59),
which are unresolved by XMM-Newton. We revisited the two XMM-Newton
observations of M82 and analyzed the surface brightness profiles using the
known Chandra source positions. We show that the quasi-periodic oscillations
(QPOs) detected with XMM-Newton originate from X41.4+60, the brightest X-ray
source in M82. Correcting for the contributions of the unresolved sources, the
QPO at a frequency of 55.8+/-1.3 mHz on 2001 May 06 had a fractional rms
amplitude of 32%, and the QPO at 112.9+/-1.3 mHz on 2004 April 21 had an
amplitude of 21%. The QPO frequency may possibly be correlated with the source
flux, similar to the type C QPOs in XTE 1550-564 and GRS 1915+105, but at
luminosities two orders of magnitude higher. X42.3+59, the second brightest
source in M82, displayed a strikingly high flux of 1.4E-11 ergs/cm^2/s in the
2-10 keV band on 2001 May 6. A seven-year light curve of X42.3+59 shows extreme
variability over a factor of 1000; the source is not detected in several
Chandra observations. This transient behavior suggests accretion from an
unstable disk. If the companion star is massive, as might be expected in the
young stellar environment, then the compact object would likely be an IMBH.
