We report on the discovery of a new, very short-period, chromospherica
lly active, late-type binary system. Observations performed with the R
OSAT Wide Field Camera revealed the EUV source RE 0618 + 75, and subse
quent optical spectroscopy identified this source as a chromospherical
ly active, double dMe star with intense Ca II H and K and Halpha emiss
ion lines. Further spectroscopy revealed that the object is a binary s
ystem with a period of 0.539 d, a mass ratio of unity and a systemic v
elocity of -14 km s-1. Spectral types of M 3 for both components are d
educed from low-resolution spectra, and this yields a system inclinati
on of 34-degrees and component separation of 2.4 R.. RE 0618 + 75 is t
he most rapidly rotating, binary dMe system known, yet the magnetic ac
tivity observed is no greater than many similar, but more slowly rotat
ing, dMe stars. This reinforces the concept of activity saturation in
rapidly rotating stars.