  We discuss the properties of the Seyfert 1.5 galaxy LB 1727, also known as 1H
0419-577, from X-ray observations obtained by ASCA and ROSAT along with optical
observations from earlier epochs. ASCA shows only modest (< 20%) variations in
X-ray flux within or between the observations. In contrast, a daily monitoring
campaign over 1996 Jun - Sept by the ROSAT HRI instrument reveals the soft
X-ray (0.1-2 keV) flux to have increased by a factor ~3.
  The 2 - 10 keV continuum can be parameterized as a power-law with a photon
index Gamma ~ 1.45-1.68 across ~0.7 - 11 keV in the rest-frame. We also report
the first detection of iron Kalpha line emission in this source. Simultaneous
ASCA and ROSAT data show the X-ray spectrum to steepen sharply at a rest-energy
\~0.75 keV, the spectrum below this energy can be parameterized as a power-law
of slope Gamma ~3.6. We show that LB 1727 is one of the few Seyferts for which
we can rule out the possibility that the presence of a warm absorber is solely
responsible for the spectral steepening in the soft X-ray regime. Consideration
of the overall spectral-energy-distribution for this source indicates the
presence of a pronounced XUV-bump visible in optical, ultraviolet and soft
X-ray data.
