  We present the first results on the spectra of Be/X-ray binary RX
J0440.9+4431 obtained with the 2m Ritchey-Cretein-Coude telescope with
Cassegrain Multi Mode Spectrograph (CMMS) (with R = 14000) at Terskol
observatory. The H-alpha line profile indicates that the new episode of the V/R
variability is occuring in the system. The profiles of the H-alpha, H-beta and
HeI 7065.71, 6678.15, 5875.97 lines were analyzed and equivalent width were
determined. We compared our H-alpha line profile parameters with the previous
results from the literature and estimated characteristic time scale for disc
changes as about 14 years.
