A four‐frame gated x‐ray microscope has been developed for the study of inertial confinement fusion. Four x‐ray images were obtained by introducing flat, grazing incidence mirrors into the converging annular ray bundle of a previously developed Wolter x‐ray microscope system. Gated microchannel plate detectors and associated drive electronics were developed which can record a sequence of gated images of less than 100 ps duration, with an interframe timing accuracy of ±50 ps. The resulting diagnostic can record one time‐resolved image and four gated images simultaneously. The system is described, and images of an imploding capsule are presented which demonstrate the unique capabilities of the instrument.