We present low-medium resolution optical spectroscopy of the eclipsing AM H
er system MN Hya (RX J0929-24). We determine the magnetic field strength at
the primary accretion region of the white dwarf to be 42 MG from the spaci
ng of cyclotron features visible during phi similar to 0.4-0.7. From spectr
a taken during the eclipse we find that the secondary has an M3-4 spectral
type. Combined with the eclipse photometry of Sekiguchi, Nakada & Bassett a
nd an estimate of the interstellar extinction we find a distance of similar
to 300-700pc. We find unusual line variations at phi similar to 0.9: H alp
ha is seen in absorption and emission. This is at the same point in the orb
ital phase at which a prominent absorption dip is seen in soft X-rays.