Test Results and Status of development of the urban transit maglev system (UTM-0l) are reported. Maglev Project Team in KIMM, in cooperation with Hyundai Precision Company and the Korea Electrotechnology Research Institute (KERI). has successfully finished the second stage development project (1995.5-1998.8) and demonstrated a prototype two vehicle consisted urban maglev train operating in the speed range of 50 km/h. In this paper, we report various test results of the UTM-01 system. present status of quo and future prospect, and what have been done so far to improve the performance of the maglev system overall.