  The lowest energy levels of positronium are studied in the non-relativistic
approximation within the framework of Relativistic Schr\"odinger Theory (RST).
Since it is very difficult to find the exact solutions of the RST field
equations (even in the non-relativistic limit), an approximation scheme is set
up on the basis of the hydrogen-like wave functions (i.e. polynomial times
exponential). For any approximation order $\NN (\NN=0,1,2,3,...)$ there arises
a spectrum of approximate RST solutions with the associated energies, quite
similarly to the conventional treatment of positronium in the standard quantum
theory (Appendix). For the lowest approximation order $(\NN=0)$ the RST
prediction for the \emph{groundstate} energy exactly agrees with the
conventional prediction of the standard theory. However for the higher
approximation orders $(\NN=1,2,3)$, the corresponding RST prediction differs
from the conventional result by (roughly) $0,9 [eV]$ which confirms the
previous estimate of the error being due to the use of the spherically
symmetric approximation. The excited states require the application of
higher-order approximations $(\NN>>3)$ and are therefore not adequately
described by the present orders $(\NN\le 3)$.
