As of System 7.1.1, various PowerBook Control Panels changed significantly. To turn on (or off) Processor Cycling for System 7.1.1, 7.5.x, or 7.6.x:
2. Press and hold down the Option key.
3. Select "Custom" from the Easy/Custom slide switch in the upper right corner.
4. After the control panel display enlarges, click in the checkbox box titled "Options". Processor Cycling is now on. If you wish to turn it off, click the checkbox again.