Abstract: This technical report describes the Martin Co. PM-1-M-2 test element and analyzes the potential hazard incurred by its inclusion in the SM-1 Core II. A nuclear analysis develops power distributions and reactivity effects. Hydraulic and thermal analyses develop anticipated burnout heat flux ratios. An evaluation of the risk involved with the inclusion of this element is presented. In view of the narrow margin by which the PM-1-M-2 test element meets the minimum burnout ratios as defined by Alco Products, Inc., it is recommended that if time permits that critical facility design verification be accomplished. The PM-1-M-2 test element meets the minimum requirements for insertion in SM-1 Core II and in view of the importance of this element to the PM-1 and PM-3A program, should be considered for insertion.