Abstract-The Level-2 Trigger Pilot Project of ATLAS, one of the two general purpose LHC experiments, is part of the on-going program to develop the ATLAS high-level triggers (HLT). The Level-2 Trigger will receive events at up to 100 kHz, which has to be reduced to a rate suitable for full event-building of the order of 1 kHz. To reduce the data collection bandwidth and processing power required for the challenging Level-2 task it is planned to use Region of Interest guidance (from Level-1) and sequential processing. The Pilot Project included the construction and use of testbeds of up to 48 processing nodes, development of optimized components and computer simulations of a full system. It has shown how the required performance can be achieved, using largely commodity components and operating systems, and validated an architecture for the Level-2 system. This paper describes the principal achievements and conclusions of this project.