This paper presents the design and experimental results of a new type of Josephson memory cell. It has a simpler construction than the conventional Henkels-type memory cell, using a one-junction SQUID capacitively coupled to a single junction. Binary data are stored as a single flux quantum in the one-junction SQUID, and are destructively read out by sensing a pulse caused by a vortex-mode transition. Computer simulations suggested that the READ operation could be performed with a bias margin for the sense junction of *28 percent, and also that the rise time of the sense current in a 16-bit memory cell would be as fast as 30 ps despite having to sense a vortex-mode transition. We provide results of a memory cell fabricated with Nb/AIO,/Nb junctions. '