Abstract. We present bispectrum speckle interferometry of the multiple Orion Trapezium stars θ 1 Ori A, θ 1 Ori B, and θ 1 Ori C obtained with the SAO 6 m telescope in Russia over a period of 5.5 years (epochs 1995-2001). Our diffraction-limited images have a resolution λ/D of 42 mas (J-band), 57 mas (H-band) and 76 mas (K-band). We clearly detect motion of the companions relative to their primary stars in the systems θ 1 Ori A1-2 (mean separation ρ ∼ 220 mas, change in position angle ∆PA = 6 • ), θ 1 Ori B2-3 (ρ ∼ 205 mas, ∆PA = 8 • ), and θ 1 Ori C1-2 (ρ ∼ 37 mas, ∆PA = 18 • ). In our K-band image of θ 1 Ori B we resolve a fourth visual component, confirming its discovery by Simon et al. (1999). We determine the J, H, and K magnitudes of the system components and estimate the stellar masses of the companions in the HR-diagram. The companions θ 1 Ori C2 and θ 1 Ori B2 show clear evidence of near-infrared excess in the color-color diagram. The companions θ 1 Ori A2 and θ 1 Ori B3 show much stronger extinction than their primary stars, providing evidence of the presence of circumstellar material around the companions.