  We present the results of detailed spatial and spectral analysis of the
pulsar wind nebula (PWN) in supernova remnant Kes 75 (G29.7-0.3) using a deep
exposure with Chandra X-ray observatory. The PWN shows a complex morphology
with clear axisymmetric structure. We identified a one-sided jet and two bright
clumps aligned with the overall nebular elongation, and an arc-like feature
perpendicular to the jet direction. Further spatial modeling with a torus and
jet model indicates a position angle $207\arcdeg\pm8 \arcdeg$ for the PWN
symmetry axis. We interpret the arc as an equatorial torus or wisp and the
clumps could be shock interaction between the jets and the surrounding medium.
The lack of any observable counter jet implies a flow velocity larger than
0.4c. Comparing to an archival observation 6 years earlier, some small-scale
features in the PWN demonstrate strong variability: the flux of the inner jet
doubles and the peak of the northern clump broadens and shifts 2" outward. In
addition, the pulsar flux increases by 6 times, showing substantial spectral
softening from $\Gamma$=1.1 to 1.9 and an emerging thermal component which was
not observed in the first epoch. The changes in the pulsar spectrum are likely
related to the magnetar-like bursts of the pulsar that occurred 7 days before
the Chandra observation, as recently reported from RXTE observations.
