  We report on an analysis in the 3--10 keV X-ray band of the long 1999 ASCA
observation of MCG--6-30-15. The time-averaged broad iron K line is
well-described by disk emission near a Schwarzschild black hole, confirming the
results of earlier analyses on the ASCA 1994 and 1997 data. The time-resolved
iron-line profile is remarkably stable over a factor of three change in source
flux, and the line and continuum fluxes are uncorrelated. Detailed fits to the
variable iron-line profile suggest that the active region (parametrized by the
best-fit inner and outer radii of the accretion disk) responsible for iron line
emission actually narrows with increasing flux to a region around 4--5 r_g. In
contrast to the iron line, the power-law continuum exhibits significant
variability during the 1999 observation. Time-resolved spectral analysis
reveals a new feature in the well-known photon index (Gamma) vs. flux
correlation: Gamma appears to approach a limiting value of Gamma ~ 2.1 at high
flux. Two models are proposed to explain both the new feature in the Gamma vs.
flux correlation and the uncorrelated iron-line flux: a phenomenological two
power-law model, and the recently proposed ``thundercloud'' model of Merloni &
Fabian (2001). Both models are capable of reproducing the data well, but
because they are poorly constrained by the observed Gamma vs. flux relation,
they cannot at present be tested meaningfully by the data. The various
implications and the physical interpretation of these models are discussed.
