The authors generalize the notion of cyclic homology introducing the iterated cyclic homology of connected commutative graded algebras over the rationals. Let \(T\) denote the circle group, \({\mathcal F}(T,X)\) the function space endowed with the action of \(T\) induced by the multiplication on \(T\). \textit{J. D. S. Jones} [Invent. Math. 87, 403--423 (1987; Zbl 0644.55005)] showed that the negative cyclic homology of \(C^{*}(X;R)\) for a simply connected space \(X\) is isomorphic (as a module over \(H^{*}(BT;R)=R[u]\) ) to the cohomology \(H^{*}(E_{T}{\times}_{T}{\mathcal F}(T,X),R).\) When \(R={\mathbb Q}\) the cyclic homology of \(C^{*}(X,{\mathbb Q})\) is isomorphic to the cyclic cohomology of the differential graded algebra \(A_{PL}(X)\) of rational polynomial forms on \(X.\) Let \({\mathcal F}(T^{l},X)\) be the function space from the \(l\)-dimensional torus to the \(l\)-connected space \(X.\) For the iterated cyclic homology the authors prove the following theorem: Theorem 1.1 Suppose that \(X\) is an \(l\)-connected space with \(\dim {\pi}_{k}(X)\otimes {\mathbb Q} < \infty \) for any \(k\). Then, as a \({\mathbb Q}[u]\)-algebra, \[ HC_{*}^{\{l\}}(A_{PL}(X))\cong H^{*}(E_{T}{\times}_{T}{\mathcal F}(T^{l},X);{\mathbb Q}). \] Here the \({\mathbb Q}[u]\)-algebra structure on \(H^{*}(E_{T}{\times}_{T}{\mathcal F}(T^{l},X); {\mathbb Q})\) is induced from the projection \(p\) of the Borel fibration \({\mathcal F}(T^{l},X)\rightarrow E_{T}{\times}_{T}{\mathcal F}(T^{l},X){\rightarrow} BT\). The result is a generalization of the result of \textit{M. Vigué-Poirrier} and \textit{D. Burghelea} for \(l=1\) [J. Differ. Geom. 22, 243--253 (1985; Zbl 0595.55009)] and the inductive proof uses modification of their ideas. The authors also obtain the result concerning the unboundness of the sequences \(\dim HC_{i}^{\{l\}}\) and \(\dim HH_{i}^{\{l\}}\), for \(l\geq 2\), as \(i\rightarrow\infty\).
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