  We present high resolution Chandra observations of the remnant of SN1987A in
the Large Magellanic Cloud. The high angular resolution of the Chandra X-ray
Observatory (CXO) permits us to resolve the X-ray remnant. We find that the
remnant is shell-like in morphology, with X-ray peaks associated with some of
the optical hot spots seen in HST images. The X-ray light curve has departed
from the linear flux increase observed by ROSAT, with a 0.5-2.0 keV luminosity
of 1.5 x 10^35 erg/s in January 2000. We set an upper limit of 2.3 x 10^34
ergs/s on the luminosity of any embedded central source (0.5 - 2 keV). We also
present a high resolution spectrum, showing that the X-ray emission is thermal
in origin and is dominated by highly ionized species of O, Ne, Mg, and Si.
