AM-2 is a sparse cluster located at low galactic latitude. It has been suspected to be a globular cluster. We present a study of AM-2 based on the deep UBVI CCD photometry obtained using the Las Campanas duPont 2.5m telescope. The color-magnitude diagrams of AM-2 show (a) a main-sequence extending up to V ≈ 19 mag at (B – V) ≈ 1.1 mag, (b) a small number of red giant clump giants, (c) the brightest red giant at V ≈ 16.1 mag and (B – V) ≈ 1.9 mag, and (d) a small group of mysterious blue stars at V ≈ 16.6 mag and (B – V) ≈ 0.9 mag. We have estimated the reddening using the color-color diagram, E(B – V) = 0.56 ± 0.04. The metallicity of the main-sequence stars has been estimated from the ultraviolet excess, δ(U – B)0.6 = 0.09 ± 0.04, to be [Fe/H] = −0.4 ± 0.2 dex. The distance to the cluster has been measured using the Zero-Age-Main-Sequence fitting method, (m – M)0 = 14.8 ± 0.3 (d = 9.1 ± 1.4 kpc). Finally we have estimated the age of the cluster using the Revised Yale isochrones and the Morphological Age Ratio (MAR) method, obtaining a value of 5 ± 1 Gyrs (Fig. 1). This shows that AM-2 is not a globular cluster, but an old open cluster.