Abstract: Thermal characteristics of the SM-2 core were analyzed at steady state and loss of flow conditions. For steady state operation, the steady state code STDY-3 was used. For transients during a loss of flow accident, ART-02, a one-dimensional code, was used. This analysis indicates the SM-2 core is safe from burnout under steady state operation at design power level (28 tMW) because (1) no nucleate boiling exists, and (2) the minimum burnout ratio is above 2.0. The core is safe from burnout under loss of flow transient because the minimum burnout ratio in the hottest element channel of 1. 82 is above the minimum design criteria of 1. 5.