The TRACE Observatory is the first solar-observing satellite in the Nationa
l Aeronautics and Space Administration's (NASA) Small Explorer series. Laun
ched April 2, 1998, it is providing views of the solar transition region an
d low corona with unprecedented spatial and temporal resolution. The corona
is now seen to be highly filamented, and filled with flows and other dynam
ic processes. Structure is seen down to the resolution limit of the instrum
ent, while variability and motions are observed at all spatial locations in
the solar atmosphere, and on very short time scales. Flares and shock wave
s are observed, and the formation of long-lived coronal structures, with co
nsequent implications for coronal heating models, has been seen. This overv
iew describes the instrument and presents some preliminary results from the
first six months of operation. (C) 1999 American Institute of Physics. [S1
070-664X(99)91805-0].