We present high cadence , high precision multi-band photometry of the young , M1Ve , debris disk star , AU Microscopii . The data were obtained in three continuum filters spanning a wavelength range from 4500Å to 6600Å , plus H \alpha , over 28 nights in 2005 . The lightcurves show intrinsic stellar variability due to starspots with an amplitude in the blue band of 0.051 magnitudes and a period of 4.847 days . In addition , three large flares were detected in the data which all occur near the minimum brightness of the star . We remove the intrinsic stellar variability and combine the lightcurves of all the filters in order to search for transits by possible planetary companions orbiting in the plane of the nearly edge-on debris disk . The combined final lightcurve has a sampling of 0.35 minutes and a standard deviation of 6.8 millimags ( mmag ) . We performed Monte Carlo simulations by adding fake transits to the observed lightcurve and find with 95 % significance that there are no Jupiter mass planets orbiting in the plane of the debris disk on circular orbits with periods , P \leq 5 days . In addition , there are no young Neptune-like planets ( with radii 2.5 \times smaller than the young Jupiter ) on circular orbits with periods , P \leq 3 days .