We present the serendipitous discovery of an L subdwarf, 2MASS J06164006-6407194, in a search of the Two Micron All Sky Survey for T dwarfs. Its spectrum exhibits features indicative of both a cool and metal poor atmosphere including a heavily pressu
red-broadened K I resonant doublet, Cs I and Rb I lines, molecular bands of CaH, TiO, CrH, FeH, and H2O, and enhanced collision induced absorption of H2. We assign 2MASS 0616-6407 a spectral type of sdL5 based on a comparison of its red optical spectrum to that of near solar-metallicity L dwarfs. Its high proper motion (mu =1.405+-0.008 arcsec yr-1), large radial velocity (Vrad = 454+-15 km s-1), estimated uvw velocities (94, -573, 125) km s-1 and Galactic orbit with an apogalacticon at ~29 kpc are indicative of membership in the outer halo making 2MASS 0616-6407 the first ultracool member of this population.
