In recent years the field of high magnetic field science has become increasingly important to other disciplines, including biology. In 2002, the National Science Foundation concluded that there was a need for an assessment of the field in the United States to set the stage for future planning. Accordingly, it requested that the NRC assess the current state and future prospects for high-magnetic-field science and instrumentation in the United States. This letter report provides a status report of that study. The letter report offers a brief assessment of the current position of the United States in this field and lists a series of questions that will be addressed in the final report.