MARKARIAN 817 IS A SEYFERT-1 AGN THAT HAS BEEN OBSERVED TO INCREASE IN X-RAY FLUX BY 1.5 ORDERS OF MAGNITUDE OVER DECADES. THE CONDITIONS AND GEOMETRY AT WORK IN THE INNER ACCRE-TION FLOW IN THIS SOURCE HAVE NOT BEEN STUDIED IN DETAIL THOUGH THEY MAY HOLD IMPORTANT CLUES TO CHANGING-LOOK AGN BROAD ABSORPTION LINE QUASARS (BALQSOS) AND MASSIVE BLACK HOLE ACCRETION IN GENERAL.