In the saturation region of a transistor, the collector current \( I_C \) becomes constant and is equal to the saturation current \( I_C(\text{sat}) \). Similarly, the collector-emitter voltage \( V_{CE} \) is also at a fixed value, which is \( V_{CE(\text{sat})} \).
Thus, the correct answer is \( I_C = I_C(\text{sat}) \) and \( V_{CE} = V_{CE(\text{sat})} \).