In order to study the behaviour of a theoretically MHD-stable spindle cusp plasma, produced and heated by means of a fast rising magnetic cups field (Bmax = 75 kG), various diagnostic techniques were used to measure the plasma parameters (the radius R and the shape of the plasma; the electron and ion temperature Te and Ti density n). During the time of observation (≈ 12 μsec) the plasma shape does not change and no MHD-instabilities could be detected. Because of cusp- losses, however, density and temperatures decay to about 30 - 50% of their maximum values (Te = 145 eV, Ti = 255 eV, n = 3,8× 1O16 cm-3). There is experimental evidence that the loss areas of line- and point cusps are nearly equal. The experimental results are fairly well described by a two fluid model of Hobbs and Spalding, if the total loss area is put equal to 1.2 × 2π R ri (ri = mean ion Larmor radius on the plasma boundary).