  The blazar Mkn 421 has been observed, as part of the AO1 Core Program, five
times from 2 to 7 May 1997. In the LECS+MECS energy band the spectrum shows
convex curvature, well represented by a broken power--law. Flux variability
(more than a factor 2) has been detected over the entire 0.1--10 keV range,
accompanying which the spectrum steepens with the decrease in intensity. Mkn
421 has also been detected with the PDS instrument. Our preliminary analysis
indicates that the PDS spectrum lies significantly above the extrapolation from
the MECS, suggesting a contribution from a flatter high energy component.
