[en] Significant and encouraging progress has been achieved in our study of the magnetically Insulated Inertial Confinement Fusion (MICF) system since the last progress report that seems to further solidify, in our judgement, its potential as a power producing reactor. Chief among the accomplishments are: derivation of classical transport processes across magnetic fields in plasma that contain multiple species at different temperatures; further examination of the stability question and its impact on the Q (ratio of fusion energy to input energy, i.e., energy multiplication factor) value of the system; a more detailed analysis of the radiation transport in MICF. It is shown that most of the bremsstrahlung absorption takes place in a very thin region of the metal surface adjacent to the cold plasma region we call the ''halo'' region; and a more careful investigation of the dynamics of the boundaries between the various regions of the target, and its role in the burn dynamics of the system. 5 refs