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We construct approximate analytical solutions to the constraint equations of general relativity for binary black holes of arbitrary mass ratio in quasicircular orbit. We adopt the puncture method to solve the constraint equations in the transverse-traceless decomposition and consider perturbations of Schwarzschild black holes caused by boosts and the presence of a binary companion. A superposition of these two perturbations then yields approximate, but fully analytic binary black hole initial data that are accurate to first order in the inverse of the binary separation and the square of the black holes' momenta. © 2006 The American Physical Society.