Test results of urban transit maglev system(UTM-01) are reported. Maglev project team in KIMM, in cooperation with Hyundai Precision Company and the Korea Electric Research Institute(KERI), has been developing a prototype urban transit vehicle since 1995. Since last May, we have been trying to improve performance of the first vehicle UTM-01 both in levitation and propulsion systems. In this paper, we report various test results of the vehicle UTM-01, present status and future prospect, and what have been done so far to assure its required performance.