An optical instrument for use in locating indicator lights or the like on a work surface is described. It comprises a tubular housing, a lens mounted within the housing and including an inner surface coated with a dichroic material that is capable of reflecting a portion of the light incident thereon, a plate mounted within the housing opposite the lens and having a central aperture, a transparent substrate disposed within the housing intermediate the lens and the plate, the substrate including a first surface disposed in a facing relationship to the dichroic material, and a reticle formed on the first surface and comprised of a material capable of reflecting light
