I vote belt also. Have another car that will make this sound if the alternator belt is too loose. I couldn't confirm by data/tests, but I always suspected that when the car is first started, the battery is low (because it just drained to turn the starter motor, or because it was sitting), and thus the regulator is passing full power, thus higher electromagnetic resistance (drag) in the alternator. Or maybe it is the higher load of a slightly drained battery (higher amps), not specifically the regulator. After a few seconds the need for new power from the alternator is reduced, and therefore it doesn't have as much drag, and the belt stops slipping. Again, just a theory, anybody who thinks I am fantasizing, happy to be corrected [img]style_emoticons/<#EMO_DIR#>/ohmy.gif[/img] .
Roland