X-ray Spectral Variability in Seyfert 1 Galaxies R. Edelson$^1$ $^1$UCLA Department of Physics and Astronomy; Los Angeles, CA 90095-1562, USA I will review the ways that comparison of different X-ray bands adds a dimension to Seyfert 1 variability studies in constraining the physical parameters and emission mechanisms in Seyfert 1s. A strong correlation between variations in the iron line and continuum fluxes would be expected because the relativistically broadened spectrum are believed to arise within a few Schwarzschild radii of the center. However, we find that the line is only weakly or not at all variable on short time scales, and not correlated with the continuum. I will discuss possible ways to reconcile these observations. Seyfert 1s also generally show stronger variations in softer X-ray bands, however, this pattern may reverse in the RXTE band for the extremely variable narrow-line Seyfert 1s. Such behavior would be clear evidence for multiple X-ray emission components. Finally, there have been claims of measurable interband lags, which could allow determination of geometrical and causal relations between emissi on components. I will focus on the validity of these claims and the implications if correct.