We launch a fully relativistic study of the formation of supermassive black
holes via the collapse of supermassive stars. Here we initiate our investi
gation by analyzing the secular evolution of supermassive stars up to the o
nset of dynamical instability and collapse. We focus on the effects of rota
tion, assumed uniform, and general relativity. We identify the critical con
figuration at which radial instability sets in and determine its structure
in detail. We show that the key nondimensional ratios RIM, T/\W\, and J/M-2
(T is the rotational kinetic energy, and W is the gravitational potential
energy) for this critical configuration are universal numbers, independent
of the mass, spin, radius, or history of the star. We compare results from
an approximate, analytic treatment with a fully relativistic, numerical cal
culation and find good agreement. We solve analytically for the time evolut
ion of these parameters up to the onset of instability. Cooling by photon r
adiation drives the evolution, which is accompanied by mass, angular moment
um, and entropy loss. The critical configuration serves as initial data for
a future relativistic, hydrodynamical, three-dimensional simulation of the
collapse of an unstable supermassive star. Since this implosion starts fro
m a universal critical configuration, the collapse is also uniquely determi
ned and should produce a universal gravitational waveform. In this paper we
briefly speculate on the possible outcome of this collapse and assess to w
hat extent it offers a promising route to forming a supermassive black hole
.