We discuss ROSAT and ASCA observations of the young active star Gl 355. Dur
ing the ROSAT observation a strong are was detected with a peak flux more t
han an order of magnitude larger than the quiescent level. Spectral analysi
s of the data allows us to study the temperature and emission measure distr
ibution, and the coronal metal abundance, for the quiescent phase and, in t
he case of ROSAT, also during the evolution of the are. The global coronal
metallicity Z/Z(.) similar to 0.1 derived from both ROSAT and ASCA data is
much lower than solar and presumably also much lower than the photospheric
abundance expected for this very young star. The temperature structure of t
he quiescent corona was about the same during the various observations, wit
h a cooler component at T-1 similar to 7 MK and a hotter component (to whic
h only ASCA was sensitive) at T-2 similar to 20 MK. During the are, the low
temperature component remained approximately constant and equal to the qui
escent value, while the high-temperature component was the only one that va
ried. We have modeled the are with the hydrodynamic-decay sustained-heating
approach of Reale at al. (1997) and we have derived a loop semi-length of
the order of similar to 1.5 stellar radii, i.e. much larger than the dimens
ions of flares on the Sun, but comparable with the typical dimensions infer
red for other stellar flares. We have compared the derived loop size with t
hat estimated with a simpler (but physically inconsistent) approach, findin
g that for this, as well for several other stellar flares, the two methods
give comparable loop sizes. Possible causes and consequences of this result
are discussed.