After I year of operation, the sensitivity of TAMA300 has been continuously
improved and is now at 5 x 10(-21) /root Hz at 1 kHz, near the. design sen
sitivity for the first phase. In four data taking runs, the longest period
of continuous lock was longer than 12 h, with the best duty cycle reaching
23 out of 24-h. The analysis of these data showed that with the present sen
sitivity, coalescing binaries within our galaxy could be detected. Lower no
ise operation is expected in the near future. The LCGT project (large-scale
cryogenic gravitational wave telescope) will apply for funding next year.