****************************************************** PR # 22152 We have targeted the Seyfert I galaxy NGC 7314 for study with ASCA in order to search for evidence of the elusive accretion disk which is a pillar of contemporary models of AGN. Such eveidence has, to date, been sparse. In particular, the accretion disk hypothesis predicts that the energy of the Fe K line in AGN should have a range of values less than 6.4 keV due to gravitatioanl and Doppler shifts yet nearly all observations indicate energies of 6.4 keV or higher. NGC 7314 is a possible exception and its X-ray spectrum is known to exhibit dramatic rapid variability. We propose to measure the energy and width of the Fe K line and search for short term variability. We will also obtain the first spectral measurements of the continuum below 2 keV which may arise from repro ******************************************************