We present progress report of a CP-PACS calculation of quenched QCD sp
ectrum with the Wilson quark action. Light hadron masses and meson dec
ay constants are obtained at beta = 5.9, 6.1, and 6.25 on lattices wit
h a physical extent of 3 fm, and for the range of quark mass correspon
ding to m(pi)/m(p) approximate to 0.75 - 0.4. Nucleon mass at each bet
a appears to be a convex function of quark mass, and consequently the
value st the physical quark mass is much smaller than previously thoug
ht. Hadron masses extrapolated to the continuum limit exhibits a signi
ficant deviation from experimental values: with K meson mass to fix st
range quark mass, strange meson and baryon masses are systematically l
ower. Light quark masses determined from the axial Ward identity are s
hown to agree with those from perturbation theory in the continuum lim
it. Decay constants of mesons are also discussed.