  PPl 15 is the first object to have been confirmed as a brown dwarf by the
lithium test (in 1995), though its inferred mass was very close to the
substellar limit. It is a member of the Pleiades open cluster. Its position in
a cluster color-magnitude diagram suggested that it might be binary, and
preliminary indications that it is a double-lined spectroscopic binary were
reported by us in 1997. Here we report on the results of a consecutive week of
Keck HIRES observations of this system, which yield its orbit. It has a period
of about 5.8 days, and an eccentricity of 0.4+/-0.05. The rotation of the stars
is slow for this class of objects. Because the system luminosity is divided
between 2 objects with a mass ratio of 0.85, this renders each of them an
incontrovertible brown dwarf, with masses between 60-70 jupiters. We show that
component B is a little redder than A by studying their wavelength-dependent
line ratios, and that this variation is compatible with the mass ratio. We
confirm that the system has lithium, but cannot support the original conclusion
that it is depleted (which would be surprising, given the new masses). This is
a system of very close objects which, if they had combined, would have produced
a low mass star. We discuss the implications of this discovery for the theories
of binary formation and formation of very low mass objects.
