Project 1640 is an adaptive-optics coronagraph at Palomar’s Hale telescope, and is amongst the most advanced and highest contrast imaging systems in the world. Specifically it was designed to image planets orbiting nearby stars and acquire low-resolution spectra of them simultaneously. In this talk I will describe the Project and its technical innovations, present some of our early scientific results, and then summarize the status of our on-going 99-night survey of nearby bright stars.