AbstractCortical bone in the mature skeleton has a short T2* and produces no detectable signal with conventional MR sequences. A two‐dimensional ultrashort echo time (UTE) sequence employing half radio frequency (RF) pulse excitations and radial ramp sampling reduces the effective TE to 8 μs and is capable of detecting signals from cortical bone. We propose a time‐efficient UTE spectroscopic imaging (UTESI) technique based on an interleaved variable TE acquisition, preceded by long T2* signal suppression using either a 90° pulse and gradient dephasing or an inversion pulse and nulling. The projections were divided into multiple groups with the data for each group being collected with progressively increasing TE and interleaved projection angles. The undersampled projections within each group sparsely covered k‐space. A view sharing and sliding window reconstruction algorithm was implemented to reconstruct images at each TE, followed by Fourier transformation in the time domain to generate spectroscopic images. T2* was quantified through either exponential fitting of the time domain images or line fitting of the magnitude spectrum. Relative water content and the resonance frequency shift due to bulk susceptibility were also evaluated. The feasibility of this technique was demonstrated with phantom and volunteer studies on a clinical 3T scanner. Magn Reson Med 58:1001–1009, 2007. © 2007 Wiley‐Liss, Inc.