We present the first set of XMM-Newton EPIC observations in the 2 square degree COSMOS field. The strength of the COSMOS project is the unprecedented combination of a large solid angle and sensitivity over the whole multiwavelength spectrum. The XMM-Newton observations are very efficient in localizing and identifying active galactic nuclei (AGN) and clusters as well as groups of galaxies. One of the primary goals of the XMM-Newton Cosmos survey is to study the co-evolution of active galactic nuclei as a function of their environment in the Cosmic web. Here we present the log of observations, images and a summary of first research highlights for the first pass of 25 XMM-Newton pointings across the field. In the existing dataset we have detected 1416 new X-ray sources in the 0.5-2, 2-4.5 and 4.5-10 keV bands to an equivalent 0.5-2 keV flux limit of 7x10-16 erg cm-2 s-1. The number of sources is expected to grow to almost 2000 in the final coverage of the survey. From an X-ray color color analysis we identify a population of heavily obscured, partially leaky or reflecting absorbers, most of which are likely to be nearby, Compton-thick AGN.

9 pages, ApJS COSMOS Special Issue, 2007 in press. the full-resolution version is available at http://www.mpe.mpg.de/XMMCosmos/PAPERS/grh_cosmos.ps.gz