We present the discovery of a candidate substellar object in a survey of yo
ung stars in the solar vicinity using the sensitivity and spatial resolutio
n afforded by the NICMOS coronagraph on the Hubble Space Telescope. The H =
12.1 mag object was discovered approximately 2" from the TW Hydrae associa
tion member CD -33 degrees 7795 (TWA 5), and the photometry implies a spect
ral type M8-M8.5, with a temperature of similar to 2600 K. We estimate that
the probability of a chance alignment with a background object of this nat
ure is less than 2 x 10(-5) and therefore postulate that the object (TWA 5B
) is physically associated at a projected separation of 100 AU, Given the l
ikely youth of the primary (similar to 10 Myr), current brown dwarf cooling
models predict a mass of approximate to 20M(Jup) for TWA 5B.