File description:
Magic Panties will make you experience having female genitals whenever you wear female underwear.
It will slowly train you to the point where every time you wear female underwear, you will see a smooth mound. You will enjoy feeling and playing with your pussy through the fabric, because you will be unable to reach into them. You will also find that you get easily aroused and starting to produce precum, which you will perceive as getting wet. Over time you will learn to completely forget that you have a cock, whenever you wear female underwear and experience the panty magic.
Transcription notes:
skipped the introduction and the induction.
The induction style was kind of weird compared with what msj and bambi listeners are used to. So it would be much better to use an existing Bambi induction and to combine it in a playlist with the body of that file.
There are two versions of that file, one that includes limpness suggestions and another that does not.
This one is the version without any limpness suggestions: you will be better off with LMS parts 1 and 2 from msj if looking for limpness effects since they will do such a thorough job at it.

File transcript (body only – induction necessary):

Now it’s time.
Time to change you a little bit.
Because from now on, whenever you are wearing female underwear, you will perceive yourself as having a pussy.
That’s right, and we will begin by creating the body image that you will perceive, every time you are wearing female underwear.
Now I want you to imagine yourself, see yourself, just the way you are right now.
Only, see yourself naked.
That’s right, just look at yourself, look at your own representation, in your own mind, because we are creating a slightly modified version of this.
We are going to create your body, how you will perceive it, every time, that you are wearing female underwear, and with the power of your own imagination, we are going to change your body image.
Now I want you to look at your cock.
Now the first thing you are going to do is let go of it.
Because in this body image, you want to perceive yourself as having a pussy.
So let go of your cock and see yourself without it.
Make yourself a blank slate and just look at yourself for a moment, turning this image of yourself into a blank canvas.
So that you can create your ideal and perfect pussy.
That’s right.
Just look at yourself for a moment, and see yourself as a blank slate.
I want you to see yourself with your perfect pussy.
That’s right, just visualize it, visualize how it would look like, see it in every little detail, because the better you imagine it right now, the more real it will feel whenever you are wearing female underwear.
That’s right, just visualize it, it’s okay to allow my words to fade into the background.
Are you focused completely on visualizing your perfect pussy.
Visualize every detail, its position, its size, your lips, your clit, the color, visualize it in every fine detail.
And let it become more and more vivid in your mind, and allow it to become more and more real.
That’s right, just visualize every single detail.
And because this body image is triggered by wearing female underwear, I want you to imagine yourself dressing in female underwear.
So see yourself wth your beautiful pussy, covered by female underwear.
Imagine it, visualize it, see it, because in the next step, I want you to touch your beautiful pussy through your female underwear.
Imagine how it will feel, feel it, experience it.
Just imagine how your pussy will feel to the touch, how soft, how warm.
That’s right, experience in your mind, touch it, feel it, enjoy it.
Feel how the soft flesh of your pussy feels like when you touch it.
And now that you know how your pussy feels to your hand, now we are heading to how it will feel when you stimulate your new and beautiful pussy.
That’s right. Imagine running a finger over your pussy lips and feel the massive pleasure flowing into you, radiating outward, from your beautiful pussy into your body.
So much pleasure, so much lust, running a finger over them again, and feel it.
Feel the lust, feel the pleasure, feel the arousal, feel how wonderful it feels to touch yourself.
And now, running a finger around your clit.
Feel the massive pleasure, the massive arousal, the massive lust it creates, as you circle your finger around your clit, making you feel intense arousal, better than anything you have ever felt before.
Feel it, as you circle your finger around your clit, just imagine it.
Imagine stimulating your new and beautiful pussy through your female underwear, and enjoy the pleasure.
Enjoy the arousal.
Let it become more and more and ever more vivid.
Because from now on, whenever you are wearing female underwear, that’s exactly what you are going to feel.
You will feel your beautiful pussy, and you will feel that intense arousal.
If you stimulate yourself through your underwear, and you will have to stimulate yourself through your female underwear, because you will find that it’s impossible to get into your underwear, that it’s impossible to slide your hand into it.
You can only stimulate your pussy through your female underwear, because sliding your hand into it will simply be impossible.
Almost as if an invisible force field is protecting your underwear.
So all you can do is stimulate your beautiful, wonderful pussy through your underwear and whenever you do, you will feel this intense, wonderful pleasure, unlike anything you have ever experienced before.
And this wonderful, feminine way of pleasuring yourself will just become better and better, every time you are wearing female underwear.
Your beautiful pussy will become more and more sensitive and give you more, and more pleasure every time, and whenever you are wearing female underwear.
You will also find that this new kind of arousal you will feel, will make you leak precum so easily, and so quickly.
That’s right.
And you will perceive it as getting wet, and feeling this wet spot on your underwear will just make you even more aroused, and will make you feel even more feminine.
That’s right.
You will quickly and easily begin to leak precum whenever you are wearing your female underwear.
It will make you so aroused, and you will easily and naturally perceive it as getting wet, and because the thought of your beautiful pussy getting wet arouses you even more, it will slowly over time condition you more and more to perceive yourself as female whenever you are wearing feminine underwear.
You will perceive yourself as getting wet, and all the thoughts of your previous anatomy and of precum, will fade away faster and more completely, every time you are wearing female underwear.
That’s right.
Every time you do it, your pussy will feel more vivid, and you will think more about getting wet, and thoughts of your previous anatomy and of precum will fade away, every time, more and more, until sooner or later, whenever you are wearing female underwear, you will be absolutely convinced that you have a pussy.
It will become completely impossible to remember that you ever had something else, whenever you are wearing female underwear.
That’s right.
So from now on, whenever you are wearing female underwear, you will perceive yourself as having a pussy.
You will see a smooth mound. 
You will feel your pussy.
You will find that it is impossible to slide your hand into your underwear to masturbate, and you know that’s it’s okay, because you will feel an immense pleasure, when you stimulate your beautiful pussy through your underwear, when you touch yourself, when you pleasure yourself through your underwear.
And you will easily and quickly become wet, which in turn will only make you more aroused, and feeling more feminine.
Of course that arousal will make you wetter, which will cause you to become more aroused and more feminine.
So whenever you pleasure yourself, you pleasure your beautiful pussy through your underwear, you will go deeper and deeper into this loop, and all of the effects will just grow stronger and stronger.
You will get wetter even quicker, your pussy will feel more and more real, will look more and more real, and all the thoughts of any past anatomy will fade further and further into the background, whenever you are wearing your female underwear.
And now it’s almost time to wake you back up again, so that you can enjoy your beautiful pussy.
In a moment, I’m going to count up from 1 to 10, and with each and every number, all my suggestions will sink deeper and deeper into your mind, twice as deep, twice as influential, with every single number.
When you wake back up, all my suggestions will be deeply etched into your mind, so that you can enjoy your beautiful pussy.
One. Slowly coming back.
Two. More and more awake.
Three. More and more alert.
Four. As you drift back up. Back up to the surface of your awareness.
Five. Half way there, already so alert awake aware.
Six. As you completely wake up, your muscles build up tension again.
Seven. Pulse, breathing, blood pressure, all your vital signs are normalizing.
Eight. Completely waking up. Take a deep breathe in with me now.
And let it out. And wiggle your toes, wiggle your fingers.
And nine. Stretch yourself. Enjoy this wonderful state for just a moment longer.
And with the next number you will open your eyes, you will be wide awake, alert awake aware, feeling fresh and cool and wonderful, full of energy, and.
Ten. Wide awake. Alert awake aware. Welcome back.