  In a recent experiment at JILA [E.A. Donley et al., Nature (London) 417, 529
(2002)] an initially pure condensate of Rb-85 atoms was exposed to a specially
designed time dependent magnetic field pulse in the vicinity of a Feshbach
resonance. The production of new components of the gas as well as their
oscillatory behavior have been reported. We apply a microscopic theory of the
gas to identify these components and determine their physical properties. Our
time dependent studies allow us to explain the observed dynamic evolution of
all fractions, and to identify the physical relevance of the pulse shape. Based
on ab initio predictions, our theory strongly supports the view that the
experiments have produced a molecular condensate.
