Аннотация:We present results of multicolour photometry of the nova-like binary MV Lyr in the years 2002-2003, corresponding to the transition of the star from its low (V = 17.8) to high (V = 12.3) brightness state. The transition lasted at most 200 days. During the first ˜50 days MV Lyr brightened at the rate 0.06 mag/day, and during the next ˜150 days at the rate 0.01 mag/day. The brightening was accompanied by a blue shift from 0.45 to 0.05 in V — R, interpreted as an increase of the accretion disk contribution to the total light. During the transition MV Lyr displayed well-known `quasi-orbital' light variations and fast quasi-periodic oscillations with a typical time scale of tens of minutes.