  We present an idealized, spherical model of the evolution of a magnetized molecular cloud due to ambipolar diffusion. This model allows us to follow the quasi-static evolution of the cloud's core prior to collapse and the subsequent evolution of the remaining envelope. By neglecting the thermal pressure gradients in comparison with magnetic stresses and by assuming that the ion velocity is small compared with the neutral velocity, we are able to find exact analytic solutions to the MHD equations. We show that, in the case of a centrally condensed cloud, a core of finite mass collapses into the origin leaving behind a quasi-static envelope, whereas initially homogeneous clouds never develop any structure in the absence of thermal stresses, and collapse as a whole. Prior to the collapse of the core, the cloud's evolution is characterized by two phases: a long, quasi-static phase where the relevant timescale is the ambipolar diffusion time (treated in this paper), and a short, dynamical phase where the characteristic timescale is the free-fall time. The collapse of the core is an "outside-in" collapse. The quasi-static evolution terminates when the cloud becomes magnetically supercritical; thereafter its evolution is dynamical, and a singularity develops at the origin-a protostar. After the initial formation of the protostar, the outer envelope continues to evolve quasi-statically, while the region of dynamical infall grows with time-an "inside-out" collapse. We use our solution to estimate the magnetic flux trapped in the collapsing core and the mass accretion rate onto the newly formed protostar. Our results agree, within factors of order unity, with the numerical results of Fiedler & Mouschovias (1992) for the physical quantities in the midplane of 
Star Formation in Cold, Spherical, Magnetized Molecular Clouds