Analysis of initial observations sky surveys has shown that the resulting photometric catalogs, combined with far-red optical data, provide an extremely e †ective method of Ðnding isolated, very lowtemperature objects in the general Ðeld. Follow-up observations have already identiÐed more than 25 sources with temperatures cooler than the latest M dwarfs. A comparison with detailed model predictions (Burrows & Sharp 1999) indicates that these L dwarfs have e †ective temperatures between B2000^100 K and 1500^100 K, while the available trigonometric parallax data place their luminosities at between 10~3.5 and 10. Those properties, together with the detection of lithium in one-third of the objects, are consistent with the majority having substellar masses. The mass function cannot be derived directly, since only near-infrared photometry and spectral types are available for most sources, but we can incorporate VLM/brown dwarf models in simulations of the solar neighborhood population and constrain ((M) by comparing the predicted L dwarf surface densities and temperature distributions against observations from the Deep Near-Infrared Survey (DENIS) and 2 Micron All-Sky Survey (2MASS) surveys. The data, although sparse, can be represented by a power-law mass function, ((M) P M~a, with 1 \ a \ 2. Current results favor a value nearer the lower limit. If a \ 1.3, then the local space density of brown dwarfs is 0.10 systems pc~3. In that case, brown 0.075 [ M/M _ [ 0.01 dwarfs are twice as common as main-sequence stars but contribute no more than D15% of the total mass of the disk.