MICADO will equip the E-ELT with a first light capability for diffraction limited imaging at near-infrared wavelengths. The instruments observing modes focus on various flavours of imaging, including astrometric, high contrast, and time resolved. There is also a single object spectroscopic mode optimised for wavelength coverage at moderately high resolution. This contribution provides an overview of the key functionality of the instrument, outlining the scientific rationale for its observing modes. The interface between MICADO and the adaptive optics system MAORY that feeds it is summarised. The design of the instrument is discussed, focussing on the optics and mechanisms inside the cryostat, together with a brief overview of the other key sub-systems.