We present the results of the optical and radio monitoring of the BL L
ac object AO 0235+164 during a faint state. In both optical and radio
bands the source has been observed at the faintest ever recorded level
s, reaching V = 19.80 and F-22GHz = 0.34 Jy. In the optical bands we s
till see variability with amplitudes up to 1.5 magnitudes on timescale
s from days to weeks. The radio variability is less dramatic, but in g
eneral follows the optical behaviour. A correlation between general tr
ends in the optical and radio behaviour of AO 0235+164 may be recogniz
ed in the data from the present monitoring as well as in the historica
l light curves, suggesting a ''base'' mechanism responsible for the em
ission at both frequencies. A good candidate is a synchrotron process
in the relativistic jet. Optical flares with no corresponding radio co
unterparts have been observed too. These events may be interpreted in
terms of microlensing by a foreground galaxy.