  Let $M_2$ be the space of quadratic rational maps $f:{\bf P}^1\to{\bf P}^1$,
modulo the action by conjugation of the group of M\"obius transformations. In
this paper a compactification $X$ of $M_2$ is defined, as a modification of
Milnor's $\bar{M}_2\iso{\bf CP}^2$, by choosing representatives of a conjugacy
class $[f]\in M_2$ such that the measure of maximal entropy of $f$ has
conformal barycenter at the origin in ${\bf R}^3$, and taking the closure in
the space of probability measures. It is shown that $X$ is the smallest
compactification of $M_2$ such that all iterate maps $[f]\mapsto [f^n]\in
M_{2^n}$ extend continuously to $X \to \bar{M}_{2^n}$, where $\bar{M}_d$ is the
natural compactification of $M_d$ coming from geometric invariant theory.
