  The discovery of a low luminosity common proper motion companion to the white
dwarf GD392 at a wide separation of $46''$ is reported. $BVRI$ photometry
suggests a low temperature ($T_{\rm eff}\sim4000$ K) while $JHK$ data strongly
indicate suppressed flux at all near infrared wavelengths. Thus, GD392B is one
of the few white dwarfs to show significant collision induced absorption due to
the presence of photospheric ${\rm {H_2}}$ and the first ultracool white dwarf
detected as a companion to another star. Models fail to explain GD392B as a
normal mass white dwarf. If correct, the cool companion may be explained as a
low mass white dwarf or unresolved double degenerate. The similarities of
GD392B to known ultracool degenerates are discussed, including some possible
implications for the faint end of the white dwarf luminosity function.
