Natal significance: The asteroid Pallas represents the wisdom gained not from mere accumulation of information but from the flash of insight that can spring fully formed from your head (like Pallas Athena herself) from a place of stillness. Pallas is your creative intelligence, your insights and intuition, the genius that comes from centeredness. It also governs alternative medicone and healing.
Transiting significance: Pallas's transits are a time to concentrate on being aware of your surroundings as well as opening your mind to the possibility of new ideas. When Pallas makes an aspect to a planet in your birth chart, it can give you an opportunity to think in a new way about the way you deal with that planet's energy, and perhaps provide insights -- if you're looking and listening for them -- into more constructive ways to integrate that planet's energies in your life.