  We report on the first analysis of AstroSat observation of the Z-source GX 5-
1 on February 26-27, 2017. The hardness-intensity plot reveals that the source
traced out the horizontal and normal branches. The 0.8-20 keV spectra from
simultaneous SXT and LAXPC data at different locations of the
hardness-intensity plot can be well described by a disk emission and a thermal
Comptonized component. The ratio of the disk flux to the total i.e. the disk
flux ratio increases monotonically along the horizontal to the normal one.
Thus, the difference between the normal and horizontal branches is that in the
normal branch, the disk dominates the flux while in the horizontal one it is
the Comptonized component which dominates. The disk flux scales with the inner
disk temperature as T_{in}^{5.5} and not as T_{in}{4} suggesting that either
the inner radii changes dramatically or that the disk is irradiated by the
thermal component changing its hardness factor. The power spectra reveal a
Quasi Periodic Oscillation whose frequency changes from \sim 30 Hz to 50 Hz.
The frequency is found to correlate well with the disk flux ratio. In the 3-20
keV LAXPC band the r.m.s of the QPO increases with energy (r.m.s \prop E0.8),
while the harder X-ray seems to lag the soft ones with a time-delay of a
milliseconds. The results suggest that the spectral properties of the source
are characterized by the disk flux ratio and that the QPO has its origin in the
corona producing the thermal Comptonized component.
