  There have been a number of recent spectral models that have been successful
in reproducing the observed X-ray spectra of galactic black hole candidates
(GBHC). However, there still exists controversy over such issues as: what are
the sources of hard radiation, what is the system's geometry, is the accretion
efficient or inefficient, etc. A potentially powerful tool for distinguishing
among these possibilities, made possible by the Rossi X-ray Timing Explorer
(RXTE), is the variability data, especially the observed phase lags and
variability coherence. These data, in conjunction with spectral modeling, have
the potential of determining physical sizes of the system, as well as placing
strong constraints on both Compton corona and advection models. As an example,
we present RXTE variability data of Cygnus X-1
