****************************************************** PR # 42127 A previous ASCA observation of the Seyfert galaxy NGC 7314 revealed an X-ray continuum rapidly variable on a timescale of thousands of seconds and an averaged iron K alpha line profile showing complexity indicative of relativistic broadening. The response of the line to the continuum on these timescales was measured for the first time in any AGN and it was shown that the red wing of the line responds to the continuum faster than line core. >From this a crude estimate of the putative black hole mass was possible. We propose another observation to confirm the result with higher significance, investigate long-term behavior of the line, and to set even more stringent constraints on the structure and physics of the active nucleus. ******************************************************