****************************************************** PR # 31530 We propose to extend X--ray spectral observations of radio quiet QSO to beyond the `peak'' in the luminosity function, by observing the o ptically-bright source PG 1247+267. For the first time, we will be ab le to determine the spectral properties of such AGN in their early st ages of development, providing constraint on the accretion disc, obsc uring torus and X-ray emission mechansim. ******************************************************