The high mass X-ray binary 4U 1901+03 was reported to have the pulse profile evolving with the X-ray luminosity and energy during its outburst in February-July 2003: the pulse peak changed from double to single along with the decreasing luminosity. We have carried out a detailed analysis on the contemporary phase-resolved energy spectrum of 4U 1901+03 as observed by Rossi X-ray Timing Explorer (RXTE). We find that, both the continuum and the pulse spectra are phase dependent. The optical depth derived from the pulse spectrum is in general larger than that from the continuum. Fe Ka emission line is only detected in the spectrum of the continuum and is missing in the pulse spectrum. This suggests an origin of Fe emission from the accretion disk but not the surface of the neutron star.
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