Аннотация:Five-color light curves have been obtained for the radiation of N Her 1934 which embrace practically the whole orbital cycle of the system. The observations were carried out with a time resolution of 25-45 sec on the 1.25-m AZT-11 telescope at the Crimean Astrophysical Observatory, in five broad-band filters close to the standard UBVRI bands. Results suggest that now approximately 50 years after the 1934 outburst of the nova, the conditions for the development of the next stage in its activity may have arisen.