  We present the results obtained from unfiltered photometric CCD observations
of the newly discovered cataclysmic variable SDSS J040714.78-064425.1 made
during 7 nights in November 2003. We establish the dwarf nova nature of the
object as it was in outburst during our observations. We also confirm the
presence of deep eclipses with a period of 0.17017d+/-0.00003 in the optical
light curve of the star. In addition, we found periods of 0.166d+/-0.001 and
possibly also 5.3d+/-0.7 in the data. The 0.17017d periodicity is consistent
within the errors with the proposed orbital period of 0.165d (Szkody et. al.
2003) and 0.1700d (Monard 2004). Using the known relation between the orbital
and superhump periods, we interpret the 0.166d and 5.3d periods as the negative
superhump and the nodal precession period respectively. SDSS
J040714.78-064425.1 is then classified as a negative superhump system with one
of the largest orbital periods.
