  We report on observations of the narrow line Seyfert galaxy NGC 5506 with the
Rossi X-ray TIming Explorer. The observations cover a time interval of ~1000
days during which the source showed strong flux and spectral variability. The
spectrum clearly shows iron fluorescence emission at 6.4 keV and significant
reflection features. Both the equivalent width of the iron line and the
relative strength of the reflected continuum are higher during low flux states.
The variability of the reflection features can be explained by the presence of
two reflected components: one that responds rapidly to flux changes of the
primary continuum and a second, slowly variable, component originating from a
distant reflector, e.g. a molecular torus.
