  We have produced a Bose-Einstein condensate on a permanent-magnet atom chip
based on periodically magnetized videotape. We observe the expansion and
dynamics of the condensate in one of the microscopic waveguides close to the
surface. The lifetime for atoms to remain trapped near this dielectric material
is significantly longer than above a metal surface of the same thickness. These
results illustrate the suitability of microscopic permanent-magnet structures
for quantum-coherent preparation and manipulation of cold atoms.
