During a BeppoSAX observation of the X-ray burst source X 1732-304 located
in the globular cluster Terzan I in April 1999, the source was detected in
an anomalous low-state with an X-ray luminosity of 1.4 x 10(33) erg s(-1),
about 300 times fainter than the lowest previously reported measure of the
persistent flux. The spectral shape and intensity of this low-state emissio
n is similar to that of a number of neutron star soft X-ray transients in q
uiescence, being well fit by a similar or equal to 0.34 keV blackbody toget
her with a power-law with a photon index of 1.0+/-(1.0)(1.3) .These similar
ities suggest that the same mechanism, such as the inhibition of accretion
due to the propeller effect, is also operating in X 1732-304. Alternatively
, the X 1732-304 low-state may be due to obscuration of the line of sight t
o the central neutron star, with only scattered and/or reflected X-rays bei
ng detected. The possibility that the source detected by BeppoSAX is not X
1732-304, but a nearby dim source of the cluster field (what would make the
observed dimming of X 1732-304 even more remarkable) is also discussed.