  We present optical photo-polarimetric observations with high temporal
resolution of the blazar AO 0235+164. Our data, the first to test the
photo-polarimetric behaviour of this object at very short time-scales, show
significant micro-variability in total flux, colour index, linear polarization
degree, and position angle. Strong inter-night variations are also detected for
these parameters. Although no correlation between colour index and total flux
was found, our data seem to support the general bluer-when-brighter trend
already known for this object. The polarization degree, in turn, shows no
correlation with total flux, but a clear trend in the sense that colour index
is redder (the spectrum is softer) when the measured polarization is higher.
