  Direct time-resolved spectral fitting has been performed on continuous RXTE
monitoring of seven Seyfert 1 galaxies in order to study their broadband
spectral variability and Fe K alpha variability characteristics on time scales
of days to years. Variability in the Fe K alpha line is not detected in some
objects but is present in others, e.g., in NGC 3516, NGC 4151 and NGC 5548
there are systematic decreases in line flux by factors of ~2-5 over 3-4 years.
The Fe K alpha line varies less strongly than the broadband continuum, but,
like the continuum, exhibits stronger variability towards longer time scales.
Relatively less model-dependent broadband fractional variability amplitude
(Fvar) spectra also show weaker line variability compared to the continuum
variability. Comparable systematic long-term decreases in the line and
continuum are present in NGC 5548. Overall, however, there is no evidence for
correlated variability between the line and continuum, severely challenging
models in which the line tracks continuum variations modified only by a
light-travel time delay. Local effects such as the formation of an ionized skin
at the site of line emission may be relevant. The spectral fitting and Fvar
spectra both support spectral softening as continuum flux increases.
