  The strength distribution of the isoscalar giant dipole resonance (ISGDR) in
$^{58}$Ni has been obtained over the energy range 10.5--49.5 MeV via extreme
forward angle scattering (including 0$^{\circ}$) of 386 MeV $\alpha$ particles.
We observe a ``bi-modal'' ${E1}$ strength distribution for the first time in an
A $<$ 90 nucleus. The observed ISGDR strength distribution is in good agreement
with the predictions of a recent QRPA calculation.
