  Significant progress has recently been achieved in the lattice gauge theory
calculations required for extracting the fundamental parameters of the standard
model from experiment. Recent lattice determinations of such quantities as the
kaon $B$ parameter, the mass of the $b$ quark, and the strong coupling constant
have produced results and uncertainties as good or better than the best
conventional determinations. Many other calculations crucial to extracting the
fundamental parameters of the standard model from experimental data are
undergoing very active development. I review the status of such applications of
lattice QCD to standard model phenomenology, and discuss the prospects for the
near future.
