The ability of the Transition Region and Coronal Explorer (TRACE) to image
solar plasma over a wide range of temperatures (T-e similar to 10(4)-10(7)
K) at high spatial resolution (0 ".5 pixels) makes it a unique instrument f
or observing solar flares. We present TRACE and Yohkoh observations of an M
2.4 two-ribbon flare that began on 1999 July 25 at about 13:08 UT. We obser
ve impulsive footpoint brightenings that are followed by the formation of h
igh-temperature plasma (T-e greater than or similar to 10 MK) in the corona
. After an interval of about 1300 s, cooler loops (T-e < 2 MK) form below t
he hot plasma. Thus, the evolution of the event supports the qualitative as
pects of the standard reconnection model of solar flares. The TRACE and Yoh
koh data show that the bulk of the flare emission is at or below 10 MK. The
TRACE data are also consistent with the Yohkoh observations of hotter plas
ma (T-e similar to 15-20 MK) existing at the top of the arcade. The cooling
time inferred from these observations is consistent with a hybrid cooling
time based on thermal conduction and radiative cooling.