  High-quality phase-resolved optical spectropolarimetry is presented for the
magnetic cataclysmic variable V884 Her. The overall circular polarization
during active accretion states is low and only slightly variable in the range
5000-8000A. However, the polarization is highly structured with wavelength,
showing very broad polarization humps, narrow features that are associated with
weak absorption lines in the total spectral flux, and sharp reversals across
each major emission line. The polarization reversals arise from Zeeman
splitting in the funnel gas in a longitudinal magnetic field B~30kG. The set of
narrow, polarized absorption features matches the Zeeman pattern of hydrogen
for a nearly uniform magnetic field of B=150MG, indicating that the features
are "halo" absorption lines formed in a relatively cool reversing layer above
the shock. With this identification, the broad polarization humps centered near
7150A and below 4000A are assigned to cyclotron emission from the fundamental
and first harmonic (n=2), respectively. V884 Her is only the second AM Her
system known with a field exceeding 100MG, and the first case in which the
cyclotron fundamental has been directly observed from a magnetic white dwarf.
