Ten spectra of AM Herculis were obtained with the SWP instrument of th
e IUE over 2.5 orbital periods during a faint state in 1992 June. Sign
ificant periodic variability was seen in the UV flux and spectra. On t
he same day, UBVRI photometry was obtained at the 1.25 m optical teles
cope of the Crimean Astrophysical Observatory. A periodic brightening
was seen in the UV. The UV spectra and optical photometry at the same
orbital phase were fitted to synthetic spectra derived from the stella
r atmosphere models of Hubeny (1988) to determine the temperature and
log (g). When AM Her was faint, a single cool (T = 20,000 K) model fit
the data, while at phases when AM Her was bright, a second component
with T = 35,000 +/- 5,000 K covering less than or equal to 8% of the w
hite dwarf surface significantly improved the fit. The value of log (g
) determined from the fits is 8.0 +/- 0.2. A significant excess is see
n in the R-band data, probably due to emission from the secondary. The
next day we obtained 16 spectra with the Russian 6 m telescope. We di
scuss the possibility that the white dwarf cools with a timescale simi
lar to that of dwarf novae, but moderate and variable emission-line in
tensities suggest highly variable accretion at a moderate level. The o
bserved Zeeman features lead to a magnetic field strength of similar t
o 13 MG.