IUE spectra of He 2-36 indicate that the stellar C IV lambda 1549 doublet v
aries in intensity by a factor of 2.5 during a one-year interval. Detection
of [Ne IV] lambda 2424, plus previously known He II and C IV, argue for a
hot companion to the cool A2 III nucleus. The C IV emission shows a split p
rofile that strongly resembles the profile (reprocessed in the NEWSIPS form
at) of the stellar C IV emission of NGC 2346 near phase 0.0 of its well-est
ablished 16-day period close binary nucleus. The physical cause for the bif
urcation is examined. Numerous other emission lines have been identified in
the IUE spectrum of He 2-36.