  We report on the total noise from an inductive motion transducer for a
gravitational-wave antenna. The transducer uses a two-stage SQUID amplifier and
has a noise temperature of 1.1 mK, of which 0.70 mK is due to back-action noise
from the SQUID chip. The total noise includes thermal noise from the transducer
mass, which has a measured Q of 2.60 X 10^6. The noise temperature exceeds the
expected value of 3.5 \mu K by a factor of 200, primarily due to voltage noise
at the input of the SQUID. Noise from flux trapped on the chip is found to be
the most likely cause.
