The interchange and ballooning stability of general anisotropic pressure pl
asma equilibria in a dipolar magnetic field are investigated. Starting with
the Kruskal-Oberman form of the energy principle and using a Schwarz inequ
ality, a fluid form of the anisotropic pressure energy principle is derived
, which, after appropriate minimization, gives an interchange stability con
dition and an integro-differential ballooning equation. These results are a
pplied to the case of an anisotropic pressure equilibrium having the perpen
dicular pressure equal to the parallel pressure times a constant and, in pa
rticular, to a model point dipole equilibrium. It is found that the model e
quilibrium is interchange stable for all plasma betas = (plasma pressure/ma
gnetic pressure) and ballooning stable for all betas up to some critical va
lue. The interesting planetary case of "tied" field lines is also considere
d. (C) 2000 American Institute of Physics. [S1070-664X(00)01908-X].