Аннотация:An analysis of V616 Mon photoelectric observations during the decline of the 1975 outburst has made it possible to discriminate the brightness variations with the orbital period of P$_orb$ = 0$^d$322947 which is close to the present-day value. The period P$_b$ = 7$^d$72 was probably present throughout the time intervals when the brightness was falling down. The brightness decrease results mainly from reradiation of the dropping X-ray flux by the accretion disk and the star. The light curve with P$_orb$ is mainly the result of the X ray flux reradiation by the star and of the mutual eclipsing of the star and the disk. Probably, the variations of the orbital light curves with P$_b$ = 7$^d$72 in the early phases of the brightness decrease agree with the model of the accretion disk which is oblique and precessing with this period.