  We derive Fundamental Plane parameters of 15 early-type lens galaxies
identified by the Sloan Lens ACS (SLACS) Survey. The size of the sample allows
us to investigate for the first time the distribution of lens galaxies in the
FP space. After correcting for evolution, we find that lens galaxies occupy a
subset of the local FP. The edge-on projection (approximately M vs M/L) is
indistinguishable from that of normal early-type galaxies. However -- within
the fundamental plane -- the lens galaxies appear to concentrate at the edge of
the region populated by normal early-type galaxies. We show that this is a
result of our selection procedure (approximately velocity dispersion
sigma>240km/s). We conclude that SLACS lenses are a fair sample of high
velocity dispersion early-type galaxies. By comparing the central stellar
velocity dispersion that of the best fit lens model, we find
<f_SIE>=<sigma/sigma_SIE>= =1.01+-0.02 with 0.065 rms scatter. We conclude that
within the Einstein radii the SLACS lenses are very well approximated by
isothermal ellipsoids, requiring a fine tuning of the stellar and dark matter
distribution (bulge-halo ``conspiracy''). Interpreting the offset from the
local FP in terms of evolution of the stellar mass-to-light ratio, we find for
the SLACS lenses d log M/L_B/dz=-0.69+-0.08 (rms 0.11) consistent with the rate
found for field early-type galaxies and with a scenario where most of the stars
were formed at high redshift (>2) with secondary episodes of star formation
providing less than ~10% of the stellar mass below z=1. We discuss star
formation history and structural homogeneity in the context of formation
mechanisms such as collisionless (``dry'') mergers. [Abridged]
