  We report continuous monitoring of Cygnus X-1 in the 1.3 to 200 keV band
using ASM/RXTE and BATSE/CGRO for about 200 days from 1996 February 21 to 1996
early September. During this period Cygnus X-1 experienced a hard-to-soft and
then a soft-to-hard state transition. The low-energy X-ray (1.3-12 keV) and
high-energy X-ray (20-200 keV) fluxes are strongly anti-correlated during this
period. During the state transitions flux variations of about a factor of 5 and
15 were seen in the 1.3-3.0 keV and 100-200 keV bands, respectively, while the
average 4.8-12 keV flux remains almost unchanged. The net effect of this
pivoting is that the total 1.3-200 keV luminosity remained unchanged to within
about 15%. The bolometric luminosity in the soft state may be as high as 50-70%
above the hard state luminosity, after color corrections for the luminosity
below 1.3 keV. The blackbody component flux and temperature increase in the
soft state is probably caused by a combination of the optically thick disk mass
accretion rate increase and a decrease of the inner disk radius.
