We present ISO observations made between 2.5 and 180 mu m of the nearby G0V
dwarf HD 207129 taken as part of a large survey of nearby main-sequence st
ars in search of debris discs. HD 207129 emits radiation in excess of the p
hotospheric flux density between at least 60 and 180 mu m. The infrared exc
ess is explained by a disc of cold dust particles (25 to 50 K) and, to acco
unt for the absence of a significant 25 mu m excess, the disc must have a c
entral hole of several 100 AU radius. We discuss various models and show ho
w the disc will evolve in time under the influence of radiation pressure an
d Poynting-Robertson drift. The presence of the large hole suggests that HD
207129 has at least one planet.