[en] A plasma concept has been identified which appears to offer the promise of small fusion reactors based on technology which is achievable in the current decade. This concept, known as TRACT for Triggered Reconnection, Adiabatically Compressed Torus, extrapolates the method of rapid axial compression of a compact torus which has been experimentally observed to produce plasmas which are very stable to magnetohydrodynamic decay. TRACT plasma formation, heating, and stability issues are currently under active experimental and theoretical investigation at Mathematical Sciences Northwest, Inc. (MSNW). A preliminary conceptual design study of a TRACT pilot plant reactor has been carried out, and key technology and utility-oriented issues have been investigated. If the plasma stability and confinement properties scale as predicted, a pilot plant reactor which produces net electric power would be only nine meters high and six meters in diameter. A complete test reactor facility, including all buildings and area required for operation and maintenance would have an area of 2000 m², of which only 13 percent needs to be heavily shielded