there is no 'both supplys' There is one supply. There are two sub-circuits. Power from the supply needs to be fed to one sub-circuit at a time, switched by a power transistor (or two, or whatever number of transistors it takes to accomplish the task as simply as possible). Switching time, capacitance, leakage, reverse polarity, are all insignificant to my question. My only question is: is it possible, and if so, how would I connect my 'parts' to the transistor: ie, what connects to the base, emmitter, and collector.
Chances are, it might not be possible the way I'm expecting it to be, so please clear up any flaws in my approach.