Although most magnetic neutral points occurring in nature seem to form part of a continuum, recent studies of reconnection have centred on static equilibria in the neighbourhood of an isolated three-dimensional null point. The linear stability of this configuration is studied here. It is found that one may choose a flux surface so that transverse oscillations localized around the surface and polarized within it must grow exponentially in time. This means that any static equilibrium containing an isolated three-dimensional null point is linearly unstable.