  The D1D5 brane bound state is believed to have an `orbifold point' in its
moduli space which is the analogue of the free Yang Mills theory for the D3
brane bound state. The supergravity geometry generated by D1 and D5 branes is
described by a different point in moduli space, and in moving towards this
point we have to deform the CFT by a marginal operator: the `twist' which links
together two copies of the CFT. In this paper we find the effect of this
deformation operator on the simplest physical state of the CFT -- the Ramond
vacuum. The twist deformation leads to a final state that is populated by pairs
of excitations like those in a squeezed state. We find the coefficients
characterizing the distribution of these particle pairs (for both bosons and
fermions) and thus write this final state in closed form.
