We present data showing that over the last 4 yr V446 Her (=Nova Her 19
60) has had outbursts or flares at a mean interval of 23 days with an
amplitude of similar to 1.5 mag. These events vary in width from 5 to
11 days. During at least some periods of time, the recurrence interval
is stable to within the observational error (typically +/-3 days). Th
e spectrum of V446 Her in quiescence is shown to have an excitation le
vel intermediate to that of dwarf novae- and nova-like cataclysmic var
iables. This fact, along with other evidence, leads us to suggest that
these outbursts may be due to mass transfer events rather than dwarf
nova-like accretion disk instabilities.