  We present results of an intensive two-month campaign of approximately daily
spectrophotometric monitoring of the narrow-line Seyfert 1 galaxy Akn 564 with
HST. The fractional variability amplitude of the continuum variations between
1365-3000 A is ~6%, about a factor 3 less than that found in typical Seyfert 1
galaxies over a similar period of time. However, large amplitude, short
time-scale flaring behavior is evident, with trough-to-peak flux changes of
about 18% in approximately 3 days. We present evidence for wavelength-dependent
continuum time delays, with the variations at 3000 A lagging behind those at
1365 A by about 1 day. These delays may be interpreted as evidence for a
stratified continuum reprocessing region, possibly an accretion-disk structure.
The Lyman-alpha 1216 emission-line exhibits flux variations of about 1%
amplitude.
