We study magnetospheric interchange instability under the assumption t
hat the plasma pressure distribution is anisotropic. Previous studies
of magnetospheric interchange instability have only considered the cas
e of isotropic pressure. We also argue that, under certain circumstanc
es, substantial particle energization can accompany outward interchang
e motions in rapidly rotating magnetic fields. Our studies of instabil
ity treat the plasma as an MHD fluid and deal with two special cases i
n which the plasma pressure evolves anisotropically as the interchange
motion proceeds. The first case is that of ''fast'' interchange motio
ns, where interchange motions can take place rapidly compared with par
ticle bounce times. Our analysis uses a small perturbation approach an
d takes into account the curved magnetic field, and external forces su
ch as gravity or an effective gravity arising from rotation of the sys
tem. We contrast this with a second case in which the plasma motion co
nserves the adiabatic invariants mu and J, and in both cases consider
the implications for a plasma generated by a satellite source in the e
quatorial plane of a rapidly rotating, spin-aligned magnetic field. A
consequence of fast interchange motions in a corotation-dominated magn
etosphere is that the rapid motions will be accompanied by motion of i
onized material away from (toward) the equatorial plane as the materia
l moves outward (inward). If an outward (inward) interchange motion sh
ould be slowed such that it is no longer rapid compared with particle
bounce times, particles will resume bounce motion, but with increased
(reduced) parallel energy. In practice, It is likely that lower energy
particles in a distribution will violate the longitudinal invariant,
J, during interchange motion, whereas particles of higher energy will
conserve J. Thus our work implies that the lower the energy of a plasm
a, the less likely it is to remain equatorially confined during outwar
d interchange motion, whether it is a diffusive or steady process. We
discuss our results in the context of the Jovian magnetosphere.