A large number of very faint, compact objects have been found at a red
shift of 2.39 in optical images of the distant Universe. The objects a
ppear to be star-forming spheroids smaller than the bulge of a spiral
galaxy; they are much smaller and fainter than typical galaxies seen t
oday. These objects may be part of a reservoir from which many of toda
y's luminous galaxies were formed through repeated mergers.