Bank 1 is the side of your engine with the #1 cylinder... I am guessing it is the drivers side.... But someone please correct me if im wrong. Sensor 1 is the 02 sensor before or up stream of the catilytic converter on that side.
Sounds like you have a h02 sensor that has gone lazy and is not cycling properly.....
You can watch it with a scan tool to see if it is cycling....
Mr Lamb is dead right....the o2 sensor will set you back a few bucks but do the change yourself to save yourself some $$$....do a search on o2 sensors and you should find some good threads to follow up with....
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Americo
-2003 Black SR5 V6 4x4 Sport Edition
Yep Yep Yep... No charge whatsoever to change out those O2 sensors. My '04 V6 has had two replaced. Took the dealer about 1 hour to get the car in, change the sensor and clear the codes (not to mention 2 smoke breaks and a coffee break in between).