The plasma performance in two design options of the reduced-technicalobjectives/reduced cost (RTO/RC) ITER, i.e. IAM (intermediate aspect ratiomachine) and LAM (low aspect ratio machine) is analysed. It is shown thatQ = Pfus/Paux~10 can be obtained in both options atinductively driven ELMy H-mode operation. The operation domain in LAM is foundto be marginally larger than that in IAM. The non-inductive operation withQ≈5 will be possible in both machines, provided a large amount of powerwith a high current drive efficiency is applied, or substantial improvement ofthe energy confinement time relative to the ELMy H-mode (HH = 1.2-1.4) is obtained. The required values of HH andβN are marginally smaller in IAM. The IAM-like machine, ITER-FEAT(fusion energy advanced tokamak), proposed for a detailed engineeringdesign is discussed in brief.