Optical studies of ultraluminous X-ray sources (ULX) in nearby galaxies have
turned out to be instrumental in discriminating between various models
including the much advertised intermediate mass black hole hypothesis and
various beaming scenarios. Here we report on ESO VLT and SUBARU observations of
ULX that have revealed the parent stellar clusters with ages of some 60 million
years in two cases. Thus we are able to derive upper limits of about 8 M_sun
for the mass donors in these systems. The optical counterparts are dominated by
X-ray heated accretion disks, and the discovery of the HeII4686 emission line
now allows to derive dynamical masses in these systems. Apparent radial
velocity variations of 300 km/s have been detected in NGC 1313 X-2 which, if
confirmed by further observations, would exclude the presence of IMBH in these
systems.Comment: 4 pages, to appear in the proceedings of IAU Symposium 230,
"Populations of High Energy Sources in Galaxies", Dublin, 15-19 Aug 200