This report covers the activities of Louisiana State University (LSU) under subcontract 26053-EX between LSU and the Bartol Research Institute (Bartol), which began January 1, 1994. The purpose of this subcontract was for LSU to participate in and support Bartol in the work to define the SMEX (Small Explorer)/POEMS (Positron Electron Magnet Spectrometer) spaceflight mission under NASA Contract NAS5-38098 between NASA and Bartol. The conclusions of this study were that for a 1998 launch into a 600km altitude, 98 degrees, approximately sun synchronous orbit, (a) the total radiation dose would be typically a few k-rad per year, certainly less than 20 k-rad per year for the anticipated shielding and potential solar flare environment, (b) detector counting rates would be dominated by the South Atlantic Anomaly (SAA) and the horns of the Van Allen belts, (c) the galactic electron and positron 'signal' can be extracted from the albedo background and the trapped populations by detailed evaluation of the geomagnetic transmission function (cut-off) for each event, (d) POEMS could make significant contributions to magnetospheric science if sufficient downlink capacity were provided and, (e) a fully functioning, cost efficient, data processing and analysis facility design was developed for the mission. Overall, POEMS was found to be a relatively simple experiment to manifest, operate and analyze and had potential for fundamental new discoveries in cosmic, heliospheric, solar and magnetospheric science.