We report ultra-low temperature experiments on the obscure fractional quantum Hall effect (FQHE) at Landau level filling factor ν = 5/2 in a very high mobility specimen of µ = 1.7 × 10 7 cm 2 /Vs. We achieve an electron temperature as low as ∼ 4 mK, where we observe vanishing Rxx and, for the first time, a quantized Hall resistance, Rxy = h/(5/2e2 ) to within 2 ppm. Rxy at the neighboring odd-denominator states ν = 7/3 and 8/3 is also quantized. The temperature dependences of the Rxx-minima at these fractional fillings yield activation energy gaps ∆ 5/2 = 0.11 K, ∆ 7/3 = 0.10 K, and ∆ 8/3 = 0.055 K.PACS Numbers: 73.40Hm Electrons in two-dimensional systems at low temperatures and in the presence of an intense magnetic field condense into a sequence of incompressible quantum fluids with finite energy gaps for quasiparticle excitation, termed collectively the fractional quantum Hall effect (FQHE) [1]. These highly correlated electronic states occur at rational fractional filling ν = p/q of Landau levels. Their characteristic features in electronic transport experiments are vanishing resistance, R xx , and exact quantization of the concomitant Hall resistance, R xy , to h/(p/qe 2 ). Over the years, a multitude of FQHE states have been discovered -all q's being odd numbers. The only known exceptions are the states at half-filling of the second Landau level ν = 5/2 (=2+1/2) and ν = 7/2 (=3+1/2) [2-4]. Half-filled states in the lowest Landau level show no FQHE, whereas half-filled states in still higher Landau levels exhibit yet unresolved anisotropies [5]. Recent experiments in tilted magnetic field even seem to hint at a connection between the ν = 9/2 state and the state at ν = 5/2 [6].The origin of the ν = 5/2 and 7/2 states remains mysterious. Observation of odd-denominator FQHE states is intimately connected to the anti-symmetry requirement for the electronic wave function. An early, socalled hollow-core model [7] for the FQHE at ν = 5/2 and 7/2, which takes explicitly into account aspects of the modified single-particle wave functions of the second Landau level, arrived at a trial wave function. However, for a Coulomb Hamiltonian its applicability is problematic [8,9].With the advent of the composite fermion (CF) model [10] the existence of exclusively odd-denominator FQHE states is traced back to the formation of Landau levels of CFs emanating from even-denominator fillings, such as the sequence ν = p/(2p ± 1) from ν = 1/2. Evendenominator fillings themselves represent Fermi-liquid like states, resulting from the attachment of an even number of magnetic flux quanta to each electron. The obvious conflict between this theory and experiment at ν = 5/2 is resolved by invoking a CF-pairing mechanism [11][12][13][14]. In loose analogy to the formation of Cooper pairs in superconductivity such pairing creates a gapped, BCS-like ground state at ν = 5/2, called a "Pfaffian" state, which displays a FQHE. Indeed, an exact numerical diagonalization calculation by Morf [9] favors the Pfaffian state.The experimental si...