V 1016 Cygni is a peculiar variable star, whose brightness increased from about 16 mag in 1963 (previously it was known to have a LPV spectrum) to about 11 mag in 1967. Since then it has been nearly constant at maximum. Our last photometric observations, from May to August 1977, indicate that the star is still in its protracted maximum at a constant brightness. We have measured B = 11.1 and V = 10.8 (± 0.2 mag s.e.).