From the viewpoint of rational homotopy theory, we introduce an iterated cyclic homology of commutative differential graded algebras over the rational field, which is a generalization of the ordinary cyclic homology of such algebras. Let be the circle group and denote the function space of continuous maps from the -dimensional torus to an -connected space . It is also shown that the iterated cyclic homology of the differential graded algebra of polynomial forms on is isomorphic to the rational cohomology algebra of the Borel space , where the -action on is induced by the diagonal action of on the domain .