X-ray study of accretion flow in the Galactic microquasar GRS 1915+105 Kazutaka Yamaoka$^1$, Yoshihiro Ueda$^1$, Hajime Inoue$^1$ $^1$ ISAS, Sagamihara, Kanagawa, Japan We have studied X-ray properties of the Galactic microquasar GRS 1915+105 using 164 {\it RXTE} observations from January 1999 to May 2000 and 7 {\it ASCA} observations. The energy spectrum consists of two components, {\it i.e.} a ``slow varying'' soft component and a ``fast varying'' hard component. Analyzing the frequency-resolved spectra, we found that the energy spectra of the hard component were well explained by a broken power law having a photon index of 1.8 below the break energy at 5--10 keV. We succeeded in modeling all the {\it RXTE}/{\it ASCA} spectra with the multi-color disk model plus the broken power law. Consequently, we revealed that GRS 1915+105 has two distinct spectral states. One is high temperature branch (HTB), which has an innermost temperature $T_{\rm in}$ $\sim$ 2 keV and an innermost radius $R_{\rm in}$ $\sim$ 20 km. The other is low temperature branch (LTB), characterized by $T_{\rm in}$ $\sim$ 1.0 keV and $R_{\rm in}$ $\sim$ 50 km. The peculiar variability of this source seemed to be caused by a rapid transition between the HTB and the LTB. We suggest that the HTB and the LTB correspond to the optically thick ADAF (slim disk) and the standard disk, respectively, as predicted in the accretion-disk theory. The origin of the hard component is also discussed.