****************************************************** PR # 21529 MKN 501 and PKS 2005-489, observed by EXOSAT and ROSAT revealed a few hours flux variability correlated with spectral variations. Moreover the presence of an absorption feature around ~0.5-0.6 keV probably due to highly ionized gas has been detected. However the poor energy resolution of the previous observations did not allow a detailed analysis of the absorption feature spectral parameters. Substantially improved ASCA broad band X-ray spectra at high S/N will allow to study in detail the countinuum spectral shape and the presence of spectral features, in particular the absorptiontrough at ~0.5-0.6 keV & the expected iron features around ~7 keV.With 20 Ks ASCA observing time a careful analysis of the correlation between flux and spectral variability will also be possi ******************************************************