  We present the results of a high-resolution imaging survey of 12 brown dwarfs
and very low mass stars in the closest (~145 pc) young (~5 Myr) OB association,
Upper Scorpius. We obtained images with the Advanced Camera for Surveys/High
Resolution Camera on HST through the F555W (V), F775W (i'), and F850LP (z')
filters. This survey discovered three new binary systems, including one
marginally resolved pair with a projected separation of only 4.9 AU, resulting
in an observed binary fraction of 25+/-14% at separations >4 AU. After
correcting for detection biases assuming a uniform distribution of mass ratios
for q>0.6, the estimated binary fraction is 33+/-17%. The binary fraction is
consistent with that inferred for higher-mass stars in Upper Sco, but the
separation and mass ratio distributions appear to be different. All three
low-mass binary systems in Upper Sco are tight (<18 AU) and of similar mass
(q>0.6), consistent with expectations based on previous multiplicity studies of
brown dwarfs and very low mass stars in the field and in open clusters. The
implication is that the distinct separation and mass ratio distributions of
low-mass systems are set in the formation process or at very young ages, rather
than by dynamical disruption of wide systems at ages >5 Myr. Finally, we
combine the survey detection limits with the models of Burrows et al. (1997) to
show that there are no planets or very low-mass brown dwarfs with masses >10
M_J at projected separations >20 AU, or masses >5 M_J at projected separations
>40 AU orbiting any of the low-mass (0.04-0.10 M_sun) objects in our sample.
