We present ROSAT X-ray observations as well as optical photometry and
spectroscopy of the young stellar object P1724 in Orion. During a ROSA
T observation in September 1992 P1724 showed a giant flare, where the
X-ray count rate rose by more than a factor of 26 and then showed an e
xponential decay with a very long decay time of about 9 hours. P1724 i
s not a clear proper motion member to the Orion nebula association and
, hence, its distance is not well established, but we present new spec
troscopic and photometric evidence indicating that P1724 is a weak-lin
e TTS associated with the Orion star forming region. For a distance of
approximate to 500 pc, the total flare energy radiated in the ROSAT X
-ray band (0.1 - 2.4 keV) is more than approximate to 5 X 10(37) erg.
This is an order of magnitude above the highest energies of flares on
young stars found so far, making this event the largest X-ray flare ev
er observed on a star.