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FILED PURSUANT TO RULE 424(B)(2)
FILE NUMBER 333-39275
PRICING SUPPLEMENT NO. 1
(To Prospectus Dated November 12, 1997, and
Prospectus Supplement dated October 4, 2000)
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$1,175,133
CYGNUS, INC.
Common Stock
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DATE OF PURCHASE..................................... OCTOBER 23, 2000
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NUMBER OF SHARES..................................... 149,000
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PRICE PER SHARE...................................... $7.8868
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PROCEEDS TO CYGNUS................................... $1,175,133.00
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The date of this Pricing Supplement is October 23, 2000.
