  CCD-photometry and low-resolution spectroscopy of the bright supernova SN
2000E in NGC 6951 are presented. Both the light curve extending up to 150 days
past maximum and the spectra obtained at 1 month past maximum confirm that SN
2000E is of Type Ia. The reddening of SN 2000E is determined as
E(B-V)=0.36+/-0.15, its error is mainly due to uncertainties in the predicted
SN (B-V) colour at late epochs. The V(RI)_C light curves are analyzed with the
Multi-Colour Light Curve Shape (MLCS) method. The shape of the late light curve
suggests that SN 2000E was overluminous by about 0.5 mag at maximum comparing
with a fiducial SN Ia. This results in an updated distance of 33+/-8 Mpc of NGC
6951 (corrected for interstellar absorption). The SN-based distance modulus is
larger by about +0.7 mag than the previous Tully-Fisher estimates. However,
possible systematic errors due to ambiguities in the reddening determination
and estimates of the maximum luminosity of SN 2000E may plague the present
distance measurement.
