This is the final report under award DE-FC07-06ID14733, Project No. 06-040. Conceptual designs of lead-cooled and liquid salt-cooled fast flexible conversion ratio reactors were developed. Both concepts have cores rated at 2400MWt placed in a largepool-type vessel with dual-free level, which also contains four intermediate heat exchangers (IHXs) coupling a primary coolant to a compact and efficient supercritical CO 2 Brayton cycle power conversion system. Decay heat is removed passively using an enhanced Reactor Vessel Auxiliary Cooling System (RVACS) and a Passive Secondary Auxiliary Cooling System (PSACS). The most important findings were that (1) it is feasible to design the lead-cooled and salt-cooled reactor with the flexible conversion ratio (CR) in the range of CR=0 and CR=1 in a manner that achieves inherent reactor shutdown in unprotected accidents, (2) the salt-cooled reactor requires Lithium thermal Expansion Modules (LEM) to overcome the inherent salt coolant's large positive coolant temperature reactivity coefficient, (3) the preferable salt for fast spectrum high power density cores is NaCl-KCl-MgCl 2 as opposed to fluoride salts due to its better thermalhydraulic and neutronic characteristics, and (4) both reactor concepts achieve about 30% higher power density than the gas-cooled fast reactor, but attain power density 3 times smaller than that of the sodium-cooled reactor.