  We present HST/STIS observations of the optical counterpart (OT) of the
gamma-ray burster GRB 000301C obtained on 2000 March 6, five days after the
burst. CCD clear aperture imaging reveals a R ~ 21.50+/-0.15 source with no
apparent host galaxy. An 8000 s, 1150 < lambda/A < 3300 NUV-MAMA prism spectrum
shows a relatively flat continuum (in f_lambda) between 2800 and 3300 A, with a
mean flux 8.7 (+0.8,-1.6)+/- 2.6 10^(-18) ergs/s/cm^2/A, and a sharp break
centered at 2797+/-25 A. We interpret it as HI Lyman break at z = 2.067+/-0.025
indicating the presence of a cloud with a HI column density log(HI) > 18 on the
line-of-sight to the OT. This value is conservatively a lower limit to the GRB
redshift. However, the facts that large N(HI) system are usually considered as
progenitors of present day galaxies and that other OTs are found associated
with star forming galaxies strongly suggest that it is the GRB redshift. In any
case, this represents the largest direct redshift determination of a gamma-ray
burster to date. Our data are compatible with an OT spectrum represented by a
power-law with an intrinsic index \alpha = 1.2((f_nu \propto nu^-alpha) and no
extinction in the host galaxy or with alpha = 0.5 and extinction by a SMC-like
dust in the OT rest-frame with A_V = 0.15. The large N(HI) and the lack of
detected host is similar to the situation for damped Ly-alpha absorbers at z >
2.
