Planetary Camera images of peculiar galaxy Arp 220 taken with V, R, an
d I band filters reveal a very luminous object near the position of th
e western radio continuum source, assumed to be the major nucleus, and
seven lesser objects within 2'' of this position. The most luminous o
bject is formally coincident with the radio source to within the error
s of HST pointing accuracy, but we have found an alternate, more compe
lling alignment of maps in which the eastern radio source coincides wi
th one of the lesser objects and the OH radio sources reside near the
surfaces of other optical objects. The proposed centering places the m
ost luminous object 150 pc (0.4'') away from the western radio source.
We explore the possibilities that the objects are either holes in the
dense dust distribution, dusty clouds reflecting a hidden bright nucl
eus, or associations of bright young stars. We favor the interpretatio
n that at least the brightest two objects are massive young star assoc
iations with luminosities 10(9)-10(11)L., but highly extinguished by i
ntervening dust. These massive associations should fall into the nucle
us on a time scale of 10(8) yr. About 10% of the enigmatic far-IR flux
arises from the observed objects. In addition, if the diffuse starlig
ht out to a radius of 8'' is dominated by stars with typical ages of o
rder 108 yr (the time since the alleged merger of two galaxies), as is
indicated by the blue colors at larger radius, then the lower limit t
o the reradiation of diffuse starlight contributes 3 x 10(11)L. to the
far-infrared flux, or greater-than-or-equal-to 25% of the total far-I
R flux. Three additional bright objects (M(V) almost-equal-to -13) loc
ated about 6'' from the core are likely young globular clusters, but a
ny of these could be recently exploded supernovae instead. The expecte
d supernovae rate, if the dominant energy source is young stars, is ab
out one per month for the region where the intense far-infrared flux o
riginates. Also, individual giant dust clouds are visible in these ima
ges. Their typical size is 300 pc (1'').