  Medium-resolution optical spectroscopy of the candidate YSOs associated with
the small, nearby molecular cloud Lynds~1333 revealed four previously unknown
classical T Tauri stars, two of which are components of a visual double, and a
Class I source, IRAS 02086+7600. The spectroscopic data, together with new V,R_
C,I_C photometric and 2MASS J, H, and K_s data allowed us to estimate the
masses and ages of the new T Tauri stars. We touch on the possible scenario of
star formation in the region. L1333 is one of the smallest and nearest known
star forming clouds, therefore it may be a suitable target for studying in
detail the small scale structure of a star forming environment.
