  Our photometric monitoring revealed that DW Cnc, which was originally
classified as a dwarf nova (V=15--17.5), remained at a bright state of
Rc=14.68+/-0.07 for 61 days. In conjunction with optical spectra lacking a
strong He II emission line, we propose that the object is not a dwarf nova, but
a non-magnetic nova-like variable. Throughout our monitoring, the object showed
strong quasi-periodic oscillations (QPOs) with amplitudes reaching about 0.3
mag. Our period analysis yielded a power spectrum with two peaks of QPOs, whose
center periods are 37.5+/-0.1 and 73.4+/-0.4 min and, furthermore, with a
significant power in frequencies lower than the QPOs. DW Cnc is a unique
cataclysmic variable in which kilo-second QPOs were continuously detected for
61 days. We propose two possible interpretations of DW Cnc: (i) A permanent
superhumper below the period minimum of hydrogen-rich cataclysmic variables.
(ii) A nova-like variable having an orbital period over 3 hours. In this case,
the QPOs may be caused by trapped disk oscillations.
