The Large Sky Area Multi-Object Fiber Spectroscopic Telescope (LAMOST) is a quasi-meridian reflecting Schmidt telescope with a clear aperture of 4-meter, a focal length of 20-meter and a field of view of 5-degree, dedicated for spectroscopic sky survey. The telescope will be located at the Xinglong Station of National Astronomical Observatory, China, as a national facility open to the astronomical community. The project was planned to be completed in 2004, with its budget of RMB 235 millions yuan (about 28 M$). The project is well in progress, with various sub-systems and their parts in critical reviews or kick-out for manufacturing early or late. Here we report the current status of the project generally. Other authors in this conference will describe details for individual parts of the project.