Using the data from the Rossi X-Ray Timing Explorer satellite, we investigate
the spectral evolution along a "Z" track and a "v" track on the
hardness-intensity diagrams of the first transient Z source XTE J1701-462. The
spectral analyses suggest that the inner disk radius depends on the mass
accretion rate, in agreement with the model prediction, R_in \propto
((dM/dt)_disk)^{2/7}, for a radiation pressure dominated accretion disk
interacting with the magnetosphere of a neutron star (NS). The changes in the
disk mass accretion rate (dM/dt)_disk are responsible for the evolution of the
"Z" or "v" track. The radiation pressure thickens the disk considerably, and
also produces significant outflows. The NS surface magnetic field strength,
derived from the interaction between the magnetosphere and the radiation
pressure dominated accretion disk, is ~(1--3)X10^9 G, which is possibly between
normal atoll and Z sources. A significant hard tail is detected in the
horizontal branches and we discuss several possible origins of the hard tail