We present a deep color-magnitude diagram of the nearby globular clust
er NGC 6397, from V and I images obtained with the Wide Field and Plan
etary Camera 2 aboard the Hubble Space Telescope (HST). A narrow main
sequence extending similar to 10 mag below the turnoff is delineated,
as well as a white dwarf sequence spanning 3.5 mag. The main sequence
has a 1 sigma full width of 0.04 mag down to V-555 similar or equal to
24, and can be distinguished from held stars to a limit of V-555 simi
lar to 26 (M(V) similar to 14). This corresponds to similar to 0.10 M(
circle dot), which is close to the hydrogen-burning limit for this low
-metallicity cluster. The main-sequence luminosity function rises to a
maximum at I-814 similar or equal to 20.5 (M(I) similar or equal to 8
.5) and then drops by a factor of similar to 3 over the next 3 mag. Th
e corresponding mass function either rises to the low-mass limit of th
e observations or flattens out at the very low mass end, depending on
the mass-luminosity relation adopted. There is no sign of an end to th
e main sequence in the present data. The white dwarf sequence contains
similar to 40 white dwarfs with M(V) similar or equal to 10.5-14. The
brightest similar to 15 white dwarfs form a well-defined sequence tha
t is well matched in position and shape to theoretical cooling sequenc
es for white dwarfs with masses of 0.55 +/- 0.05 M(circle dot), assumi
ng standard values of the distance and reddening of the cluster. The 0
.03 mag spread in colors along the upper similar to 2.5 mag of the seq
uence is consistent with being due to measurement error alone. The int
rinsic dispersion in white dwarf masses is no more than 0.05 M(circle
dot) and is likely to be significantly smaller. The observed white dwa
rfs have cooling ages of similar to 0.1-2 Gyr and total numbers that a
re in keeping with their expected rate of formation given the current
rate of evolution past the tip of the red giant branch.