  We present results of spectral and timing analysis based on 11 RXTE PCA/HEXTE
observations of the microquasar XTE J1550-564 during its last outburst in
January 2002. The observed behaviour is comparable to most Black-Hole
Candidates in the low/hard state. This is unlike the 1998-99 outburst, when it
showed a much more complex feature, probably because of the higher luminosity.
For each of the 11 observations we extracted energy spectra and power density
spectra, finding typical features of a low/hard state.
