We present optical R and I photometry of V592 Her obtained one year before
its 1998 outburst. We identify V592 Her with a faint blue star, showing var
iability in R with a standard deviation of similar to 0.07 mag. With mean q
uiescent magnitudes of R = 21.5 and I = 21.4, its outburst amplitude is sim
ilar to 10 mag, which is at the very upper end of the range observed for Tr
emendous-Outburst-Amplitude Dwarf novae. A main sequence secondary would im
ply a distance > 1500 pc, which is inconsistent with the absolute magnitude
s in outburst and quiescence expected for a dwarf nova. We conclude that th
e secondary is a brown dwarf. The quiescent flux is almost completely from
the white dwarf, which gives a white dwarf temperature of 10 000 K and a di
stance of similar to 700 pc. The non-detection in a ROSAT PSPC observation
implies an upper limit to the Xray luminosity of less than or similar to 4
x 10(30) erg s(-1) and to the accretion rate onto the white dwarf of less t
han or similar to 10(-12) M.yr(-1).