[en] Results of photoelectric observations of the asteroid 201 Penelope carried out at the European Southern Observatory and Perth Observatory during the 1980 opposition of the asteroid between October 6 and November 7 are presented. Observations were made in the standard UBV and Geneva systems at ESO, and in V-prime at Perth. Examination of composite light curves shows the presence of two distinct maxima and two distinct minima, with a total amplitude of the V light curve of 0.52 magnitudes. A mean synodic rotation period of 3 h, 44 min, 51.6 + or - 7.4 sec is derived. Using a mean phase coefficient beta[SUB]V[/SUB] = 0.037 mag/deg, a primary V (1,0) maximum of 8.51 + or - 0.01 magnitudes is obtained. Color indices are measured as B-V = 0.70 + or - 0.01 and U-B = 0.23 + or - 0.02 magnitudes, and previously reported color variations (Surdej and Cramer, 1980) are attributed to a failure in the reduction procedure.