The estimated GRB energy of around1055ergs for GRB980329 implies that all stellar mass models are inadequate. An original “beam on target” model, based on gravitational collapse forming a galaxy in the presence of a uniform primordial magnetic field, and producing a powerful, highly relativistic, intense, storage ring, is proposed. The afterglow or “fireball” is produced by blowoff of target material as the target crosses the beam. ©1999 American Institute of Physics.