We have investigated 52 RXTE pointed observations of GRO J1655-40 spanning the X-ray outburst that commenced on 1996 April 25 and lasted for 16 months. Our X-ray timing analyses reveal four types of QPOs: three with relatively stable central frequencies at 300 Hz, 9 Hz, and 0.1 Hz, and a fourth that varied over the range 14-28 Hz. The 300 Hz and 0.1 Hz QPOs appear only at the highest observed luminosities (Lx > 0.15 Ledd), where the power-law component dominates the X-ray spectrum. At lower luminosity, the disk flux exceeds the power-law flux and only two of the QPOs are observed: the spectrally soft 9 Hz QPO, and the narrow, hard QPO that varies from 14-28 Hz as the hard flux decreases. The 300 Hz QPO is likely to be analogous to the stationary QPO at 67 Hz seen in the microquasar GRS1915+105. We discuss models of these high-frequency QPOs which depend on effects due to general relativity. The 9 Hz QPO displays a spectrum consistent with a thermal origin, but this frequency does not appear to be consistent with any of the natural time scales associated with the disk, or with the inferred values of the mass and rapid spin of the black hole. The mechanism for the 14-28 Hz QPOs appears to be linked to the power-law component, as do the 1-10 Hz QPOs in GRS1915+105. Finally, we show data for GRO J1655-40 and GRS1915+105 as each source teeters between relative stability and a state of intense oscillations at 0.1 Hz. A comparison of the sources spectral parameters allows us to speculate that the black hole mass in GRS1915+105 is very large, possibly in the range 39-70 Msun.
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