The overall amplitude variation seems indeed side-chaining. The attached sound distracts somehow the question due to the side-chaining effect. I was only concerned with how to synthesize a signal with similarly evolving frequency content.
If it is FM, then I would need to modulate one of the operators at a very high rate. But is this possible with max/msp 5?
if it is ring modulation, again, can this be done at audio rate with max/msp5?
I've read somewhere that if one uses a cycle~ object, and multiply its output with an input signal, that won't happen at audio rate, which is what i think happens in this case. Has anyone seen/produced a patch performing "high-rate" ring modulation?
Again, I am very inexperienced in msp to make any progress/validate my assumptions.