  The radiative decay of the next-to-lightest neutralino into a lightest
neutralino and a photon is analyzed in the MSSM. We find that significant
regions of the supersymmetric parameter space with large radiative BR's (up to
about 100%) do exist. The radiative channel turns out to be enhanced when the
neutralino tree-level decays are suppressed either "kinematically" or
"dynamically". In general, in the regions allowed by LEP data and not
characterized by asymptotic values of the SuSy parameters, the radiative
enhancement requires tan beta ~= 1 and/or M_1 ~= M_2, and negative values of
\mu. We present typical specific scenarios where these "necessary" conditions
are fulfilled, relaxing the usual relation M_1=(5/3)*tan^2(th_W)*M_2. The
influence of varying the stop masses and mixing angle when the radiative decay
is enhanced is also considered. Some phenomenological consequences of the above
picture are discussed.
