The commonly used formula H = DCF + Dd, where DCF and DR are the effec
ts of the magnetopause and ring current, respectively, neglects contri
bution of the cross-tail current to the Dst variation. The formula all
ows us to explain satisfactorily the observed relation of the Dst vari
ation to the ring current intensity but faces difficulties in explaini
ng other experimental facts. First, the equatorward shift of the amora
l oval cannot be caused by the sole enhancement of the ring current. S
econd, the observed relation of the Dst growth rate to the southward I
MF component [Burton et al., 1975] does not have any quantitative expl
anation up to now. We suggest using a different formula, H = (2 mu(o)p
(sw))(1/2) + DR - F-out/2S. The formula is obtained from the condition
s of magnetic flux conservation and pressure balance. The flux F-out i
s directed mainly to the nightside of the magnetosphere. Hence the ter
m F-out/2S describes the effect of the cross-tail current and a part o
f the magnetopause currents. During quiet periods, each term in the ri
ght-hand side of our formula is of the order of tens of nanoteslas. Du
ring storm time, each term can rise to hundreds of nanoteslas. The flu
x F-out grows after the interplanetary magnetic field (IMF) becomes so
uthward owing to the flux transport from the dayside to the magnetotai
l. The growth rate is described by the formula dF(out)/df = U - F-out/
tau(F) + eta(F), where U is the electric potential difference between
the dawnside and duskside of the magnetosphere and tau(F) and eta(F) a
re constant. The voltage U depends linearly on the IMF southward compo
nent. Combining the latter formula with the expression for H yields a
relationship between the Dst growth rate and the IMF southward compone
nt close to the observed one. Since the auroral oval is mapped predomi
nantly to the plasma sheet of the magnetotail, the growth of F-out dur
ing a storm allows us to explain the equatorward shift of the auroral
oval. Another prediction from our theory is the erosion of the stable
trapping region in which the equatorial cross section S is related to
the flux F-out by the equation S-1/2[S(2 mu(o)p(sw))(1/2) + F-out] = 3
pi(3/2)(M(E) + M(RC)), where M(E) and M(RC) are the magnetic moments
of the Earth and ring current, respectively. Growth of F-out leads to
the decrease of S and to the earthward movement of the dayside magneto
pause. During storms this effect can be stronger than that of the regi
on 1 Birkeland current, also moving the magnetopause earthward.