We present preliminary results from spectral observations of Ton S180 using
Chandra and ASCA. The data confirm the presence of the soft excess, but th
e Chandra Low-Energy Transmission Grating spectrum reveals it to be broad a
nd smooth rather than resolved into individual emission lines. This excess
may represent either a primary or reprocessed continuum component or a blen
d of broad lines from an ionized accretion disk. The occurrence of a simila
r feature in five other narrow-line Seyfert 1 galaxies leads us to conclude
that this soft X-ray component may be a characteristic of sources accretin
g at a high rate. The X-ray spectrum shows no evidence for absorption lines
, indicating that if gas exists in the line of sight then it is in a very h
igh ionization state or has an extreme velocity distribution. The new ASCA
data confirm that the narrow component of the Fe K alpha line peaks close t
o a rest energy of 7 keV, indicating the presence of a significant amount o
f highly ionized material in the nuclear environs.