The micro-arcsecond scale evolution of quasar PKS 1257-326 H.E. Bignall (JIVE), J-P. Macquart (Kapteyn Inst. Groningen), D.L. Jauncey, A.K. Tzioumis, J.E.J. Lovell (ATNF) and L. Kedziora-Chudczer (University of Sydney) The quasar PKS 1257-326 shows very rapid ISS, and similarly to J1819+3845, has continued to scintillate rapidly for at least several years. We now have ATCA monitoring data over three years which shows a repeated annual cycle in the characteristic timescale of ISS, as well as three epochs in which we measured a time delay between the ISS pattern arrival times at the VLA and the ATCA. All of these data are used simultaneously to fit for the velocity of the scattering screen as well as the characteristic length scale, axial ratio and position angle of anisotropy of the scintillation pattern. A fit to the data requires a highly anisotropic scintillation pattern, and tightly constrains the position angle of anisotropy, however there is some degeneracy in fitting for the ISM velocity and length scale. The ATCA data show a slow increase in the rms modulations of IDV, strongly correlated with an intrinsic "outburst" in the source. Cross-correlation of the scintillation pattern at different frequencies suggests a changing displacement between the centroids of different frequency components. Implications of these results for the microarcsecond-scale source structure and evolution are discussed.