  We present XMM observations of the black hole X-ray nova V404 Cygni in
quiescence. Its quiescent spectrum can be best fitted by a simple power-law
with slope 2. The spectra are consistent with that expected for the
advection-dominated accretion flow (ADAF). V404 Cyg was roughly equal in
luminosity compared to the previous observation of Chandra. We see variability
of a factor of 4 during the observation. We find no evidence for the presence
of fluorescent or H-like/He-like iron emission, with upper limits of 52 eV and
110 eV respectively. The limit on the fluorescent emission is improved by a
factor of 15 over the previous estimate, and the restriction on H-like/He-like
emission is lower than predicted from models by a factor of roughly 2.
