  We present X-ray imaging, timing, and phase resolved spectroscopy of the
anomalous X-ray pulsar 4U 0142+61 using the Chandra X-ray Observatory. The
spectrum is well described by a power law plus blackbody model with power law
index = 3.35(2), kT_BB=0.458(3) keV, and N_H=0.91(2) x 10^{22} cm^{-2}$; we
find no significant evidence for spectral features (0.5-7.0 keV). Time resolved
X-ray spectroscopy shows evidence for evolution in phase in either index, or
KT_BB, or some combination thereof as a function of pulse phase. We derive a
precise X-ray position for the source and determine its spin period,
P=8.68866(30) s. We have detected emission beyond 4 arcsec from the central
source and extending beyond 100 arcsec, likely due to dust scattering in the
interstellar medium.
