Synopsis: The 45-T Hybrid Magnet System represents an important commitment for the new National High Magnetic Field Laboratory, and when completed, it will establish a new frontier for steady magnetic fields for research. This system will use a resistive insert to produce 31T on axis, with the remaining 14T contributed by a superconducting outsert with 616-mm warm bore. The superconducting outsert will be capable of providing over 15T on axis when operated alone. Progress on the design, development, and fabrication of the system has been steady. Several critical components and major subsystems have been completed and are now being tested in pre paration for the overall system integration.