We have obtained the distribution of the apparent visual magnitudes of
galactic supernovae by integrating the interstellar absorption along
the lines of sight to a large number of randomly positioned events. We
find that over 70% of supernovae in the Milky Way never reach naked e
ye visibility, and that more than half are fainter than V = 13 at maxi
mum light. On the assumption that the historical record is complete fo
r V less than or equal to 0, we infer that supernovae occur in the Gal
axy at a rate of about 3 per century, and that the first 600 years of
the present millenium may have been a period of unusually high superno
va activity. The probability p that no galactic supernova has been see
n in the last 100 years is calculated for a range of assumptions about
the threshold magnitude for assured discovery; we consider that p gre
ater than or similar to 0.6 is not unlikely.