The balloon-borne Isotope Matter-Antimatter Experiment (IMAX) was flown from Lynn Lake, Manitoba, Canada on 16 -17 July 1992. Using velocity and magnetic rigidity to determine mass, we have directly measured the abundances of cosmic ray antiprotons and protons in the energy range from 0.25 to 3.2 GeV. Both the absolute flux of antiprotons and the antiproton͞proton ratio are consistent with recent theoretical work in which antiprotons are produced as secondary products of cosmic ray interactions with the interstellar medium. This consistency implies a lower limit to the antiproton lifetime of ϳ10 7 yr.PACS numbers: 98.70. Sa, 14.20.Dh, 95.85.Ry Measurement of the antiproton abundance in the cosmic radiation bears strongly on questions ranging from the possibility of a baryon symmetric universe to characterizing the origin and transport of the cosmic rays. However, the interpretation of cosmic ray antiproton measurements has been very uncertain ever since their discovery by Golden et al. [1]. While antiprotons in the cosmic radiation are expected as "secondary" products of interactions of the primary cosmic radiation, principally protons, with the ambient interstellar medium (ISM) [2][3][4], the first positive measurements [1,5,6] reported higher antiproton fluxes than predicted by contemporary models of cosmic ray transport. Of the numerous explanations proposed (reviewed in Stephens and Golden [7]), one class assumed that secondary antiprotons are produced by cosmic ray protons and helium which have passed through more matter than implied by measured secondary͞primary ratios of heavier elements (e.g., boron͞carbon). Others considered "exotic" sources such as the evaporation of primordial black holes, the decay of dark matter, or acceleration in relativistic plasmas. It was also suggested that the excess could be a manifestation of a baryon symmetric cosmology [8]. The largest discrepancy was at ϳ200 MeV [6], where antiproton production in p-p interactions is heavily suppressed [7,9]; however, later measurements gave corresponding upper limits which were significantly lower [10,11]. The Isotope Matter-Antimatter Experiment (IMAX) [12] and other recent experiments [13] were designed to clarify these issues.The fluxes of antiprotons and protons from ϳ0.2 to 3.2 GeV were measured by IMAX using magnetic rigidity, ionization energy loss, and velocity measurements to determine the charge (from energy loss and b) and mass (from Z, b, and rigidity) of incident particles. Data were taken for ϳ16 h at an average altitude of 36 km C2 and C3) [17] with n 1.043 silica-aerogel radiators (giving b Ck ). A third Cherenkov counter (C1) was not used in the current analysis. For Z 1, b 1 particles, the TOF resolution (s) was 122 ps and the yields from C2 and C3 were 11 and 13 photoelectrons. The sum of the signals expected from C2 and C3 for a Z 1, b 1 particle was normalized to 1. Energy loss was measured by the TOF and scintillators S1 and S2. Agreement was required among the four resulting charge measurements.Tracking quali...