  A homogeneous set of UBV photometry (354 data points obtained between 1983
and 1998) for the Be/X-ray binary A0535+26 = V725Tau is analysed, aiming to
look for possible periodic component(s). After subtraction of the long-term
variation it was found that only a 103-day periodic component remains in the
power spectra in both the V and B colour bands. The probability of chance
occurrence of such a peak is less than 0.1%. There are no signs of optical
variability at the X-ray period (111 d). We discuss possible reasons for a
103-day modulation and suggest that it corresponds to a beat frequency of the
orbital period of the neutron star and the precession period (~1400 d) either
of an accretion disc around the neutron star or a warped decretion disc around
the Be star.
