You are a sissy-ponygirl, locked into pony tack, tethered in your stall in a large barn with scores of other ponygirls. You are happier than most of them, because you did not even start-out as a girl.  You used to be male, though you were never a man.  You never felt right as a man, you were too much of a sissy.  In the back of your head, you always wished that you were a girl.  You always wanted big tits, long hair, and soft skin.  You always wanted to be pretty.  Now, after a year of hormones, and other treatments, you are almost as female, and more submissive and feminine, than most of ponygirls who were born female.

This is a variation of the ponygirl-fantasy for sissies.  The speaker uses a deep and commanding male voice and the same induction as the Deep Male Voice Induction.  The file ends by putting the listener to sleep, instead of an awakener.

The induction is a little clicky at the beginning, but after the first few minutes, the recording is clean.