The Spiritual Exercises

The Spiritual Exercises of St. Ignatius of Loyola are a month-long program of meditations, prayers, considerations, and contemplative practices that help Catholic faith become more fully alive in the everyday life of contemporary people. It is set out in a brief manual or handbook: sparse, taciturn, and practical. It presents a formulation of Ignatius' spirituality in a series of prayer exercises, thought experiments, and examinations of consciousness—designed to help a retreatant (usually with the aid of a spiritual director) to experience a deeper conversion into life with God in Christ, to allow our personal stories to be interpreted by being subsumed in a Story of God.
These Exercises are usually made in one of three different ways: first, extended over approximately thirty days in a silent retreat away from home, which was its original form; or second, as condensed into a weekend or an eight-day retreat based on Ignatian themes; or third, in the midst of daily life, while living at home, over a period of several months.
The Spiritual Exercises are divided into a series of four "weeks"—not literally seven 24-hour-day weeks, but "movements" or “stages”—with accompanying prayer, visualizations, reflections, and spiritual exercises for each week. These four movements include consideration of God's generosity and mercy and the complex reality of human sin; an imagining of the life and public ministry of Jesus, his proclamation of the gospel, his sayings and parables, his teachings and his miracles; and of Jesus' last days, his arrest and interrogation, whipping, public mockery, passion, crucifixion and death; and then, of Jesus’ Resurrection, his Ascension, and the pouring-forth of the Holy Spirit at Pentecost, and Christ’s continued life in the world through the Spirit today and in the Messianic People called and missioned to his cause.
This cause is, at its root, the cause of freedom, a letting-go-free of persons who, up to this time, have lived in captivity, a captivity often completely taken for granted, sometimes no longer remembered to be captivity, and not able to be acknowledged as captivity— a “Redemption.” During the Spiritual Exercises, focused through the key meditations of the Second Week, with their demanding ascesis, we attempt to get out of God’s way in our hearts, deepen our sense of interior freedom from the hero-system of popular secular society, and allow God’s own impelling Spirit to lead us in taking action, out of this new freedom, which is authentically emancipatory for other men and women.
Usually retreatants will meet regularly in private with a spiritual director to discuss their experiences of prayer and reflection, and to receive guidance in praying with the Exercises, in thinking about what they are doing, and in the interpretation of what is happening to them.
In the Oregon Province there are a number of places that offer the Spiritual Exercises in Everyday Life (SEEL), in which someone can "make" the Exercises over the course of a eight or nine-month period. In a province-wide ministry co-sponsored by our universities, our secondary schools, our parishes, and our new spirituality centers, the SEEL Programs usually begin in the Fall. In addition, the text of the Spiritual Exercises is made available here, along with an on-line guide to the Exercises that can be used in daily life (“Daily Ways to Pray”).

From: http://www.nwjesuits.org/JesuitSpirituality/SpiritualExercises.html