For testing fast-pulsed superconducting model and pre-series magnets for FAIR (Facility of Antiproton and Ion Research), a cryogenic magnet test facility was built up at GSI. The facility is able to cool either cold masses in a universal cryostat or complete magnets in their own cryo-module. It is possible to operate bath cooled, 2 phase cooled, and supercritical cooled magnets with a maximum current up to 11 kA and a ramp rate up to 14 kA/s. Measurements of magnet heat loss, with calorimetric and a V-I methods, are available, as are quench and magnetic field measurements. Design and functionality of the test facility will be described. Results of measurements with a supercritical cooled magnet and with a 2 phase cooled SIS100 model magnet will be shown.