Dimensional reduction of the Seiberg-Witten equations leads to the equ
ations of motion of a U(1)Chern-Simons theory coupled to a massless sp
inorial field. A topological quantum field theory is constructed for t
he moduli space of gauge equivalence classes of solutions of these equ
ations. The Euler characteristic of the moduli space is obtained as th
e partition function which yields an analogue of Casson's invariant. A
mathematically rigorous definition of the invariant is developed for
homology spheres using the theory of spectral Row of self-adjoint Fred
holm operators.