A terrella developed for the undergraduate Advanced Laboratory course in the University of Wisconsin-Madison Physics Department is described. Our terrella consists of a permanent magnet, mounted on a pedestal in a vacuum chamber, surrounded by electrodes that may be biased in various ways. The system can confine a plasma, which may, in some ways, be considered as a toy model of the plasma confined in the Earth's magnetosphere. Our axisymmetric plasma forms in a region where the magnitude of the magnetic field B is 14 G ≤B≤ 550 G; for typical operation, the neutral gas pressure is p∼10−4 Torr. The plasma is created by thermionic emission from a hot filament. Available diagnostics are a swept Langmuir probe, a spectroscopic fiber and visible-wavelength spectrometer, and visible imaging. In two four-hour laboratory sessions, students are guided through vacuum pumpdown, connection of electrical circuits, establishment of plasma, acquisition of data, analysis of data, and critique of data. In this paper, we present student measurements of radial profiles of electron temperature Te and density ne as well as imaging of mirror trapping and ∇B drift and curvature drift. We conclude by outlining some opportunities for additional terrella-based student experiments.