Thanks James & Mythili .....
You were both correct. Here's the format that finally worked.
/usr/OV/bin/addtrap -n ibm8272TsSys -l ibm8272TsTempThreshold \
-i 126.96.36.199.188.8.131.52.66 -g 6 -s 1 \
-o A -c "LOGONLY" -t 0 \
-S 1 \
-D "This trap is generated when the system temperature
either exceeds 50 C or when it returns to normal(45 C)
after exceeding the temperature. The variable
ibm8272Ts2SysTemperature indicates the temperature
condition at the time of the event." \
-e ibm8272TsTempThreshold \
-F '$E $G $S $# args: $*'
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