  We compute magnetic moments of baryons with a heavy quark in the bound state
approach for heavy baryons. In this approach the heavy baryon is considered as
a heavy meson bound to a light baryon. The latter is represented as a soliton
excitation of light meson fields. We obtain the magnetic moments by sandwiching
pertinent components of the electromagnetic current operator between the bound
state wave--functions. We extract this current operator from the coupling to
the photon field after extending the action to be gauge invariant.
