the DC component will cause excessive heating of the primary. the AC from the secondary will NOT be a clean sine wave. either get a step down transformer of the appropriate VA rating, or you can use a dual voltage power transformer primary from a piece of hifi gear wired with the input across both primary windings, and the 120V tapped off the center connection. make sure you don't have a load on the secondary. also the common connection for the two should be the neutral. in this way you can use an old dual-voltage transformer as an autotransformer.