The "computational cutoff rate," R
0, represents a practical measure of the maximum reliable data rate that can be achieved by coding over a given communication channel using a given modulation format, in contrast with the "channel capacity,"

, which represents an idealized theoretical limit on the achievable data rate. Moreover, designing signal sets with good error probabilities using the R
0criterion results in a mathematical problem that is much more tractable than that obtained by using the probability of error itself as a criterion. Both of the above reasons establish the importance of R
0in communications theory. This paper starts with a brief tutorial background, which reveals the origin and the significance of R
0. Next, the problem of achieving R
0over the additive white Gaussian noise (AWGN) dispersive or nondispersive channel, using quadrature-amplitude modulation (QAM) with a peakpower constraint, is addressed. The major result is that, for both cases, the optimum transmission signal set is chosen from a discrete distribution. The solution is derived in detail for the peak-power-limited nondispersive channel, where it is shown that the optimum QAM symbols are selected independently from a probability distribution that is uniform in the phase and discrete in the radius. The solution for the corresponding peak-power-limited dispersive channel is obtained only asymptotically, for large signal-to-noise ratio (SNR), where it is shown that the QAM symbols are selected independently from a uniform distribution within a disk in the complex signal space.