We report the discovery of rapid oscillations in the sdB star PG 1047
+ 003. The oscillations are multiperiodic, with nine periods in the ra
nge 104-162 s. The optical spectrum of PG 1047 + 003 is consistent wit
h that of a single sdB star. Line profile fitting yields an effective
temperature of 35000+/-1000 K and log g=5.9+/-0.1, although optical ph
otometry and IUE spectrophotometry may indicate a cooler effective tem
perature. These properties demonstrate that PG1047+003 is an EC 14026
star, a recently discovered class of sdB pulsators. Optical and infrar
ed photometry constrains any cool companion to the sdB star to be a ma
in-sequence star of spectral type MO or later. With V=13.47 and a rela
tively rich pulsation spectrum, PG1047+003 is an attractive target for
an intensive photometric campaign to extract more periods from the li
ght curve which, along with a suitable grid of pulsation models, will
probe the interior structure of the star.