We present an extremely fast graph drawing algorithm for very large graphs, which we term ACE (for Algebraic multigrid Computation of Eigenvectors). ACE finds an optimal drawing by minimizing a quadratic energy function due to Hall, using a novel algebraic multigrid technique. The algorithm exhibits an improvement of something like two orders of magnitude over the fastest algorithms we are aware of; it draws graphs of a million nodes in less than a minute. Moreover, the algorithm can deal with more general entities, such as graphs with masses and negative weights (to be defined in the text), and it appears to be applicable outside of graph drawing too.