  This paper presents observations of the Be/X-ray binary system A0535+26
revealing the first observed loss of its circumstellar disc, demonstrated by
the loss of its JHK infrared excess and optical/IR line emission. However
optical/IR spectroscopy reveals the formation of a new inner disc with
significant density and emission strength at small radii; the disc has proven
to be stable over 5 months in this intermediate state.
