Photometry of CPD - 48 deg 1577
U, B, and V photometry is presented for CPD - 48 deg 1577, the newly discovered cataclysmic variable with the greatest known apparent brightness. The light curves are dominated by flickering but do suggest an orbital period of nearly 4 hr. Power spectra of 5 nights of U-band observations failed to reveal the presence of any periodic or quasi-periodic oscillations. Autocorrelation functions suggest that two time-scales exist in the flickering activity, one of 77 s and the other 500 s. The implications for a shot noise model of flickering are discussed.