Low-resolution spectra, taken at La Silla (ESO), identify the old nova RS C
ar (1895) as a similar to 18 mag star located 7 arcsec southwest from the p
revious published position. This suggests a much brighter absolute magnitud
e of the old nova, M(v)similar to5.4, than previously suspected. The spectr
um reveals a continuum energy distribution typical of optically thick accre
tion discs and quite a high excitation state of the gas. The possible detec
tion of the AlO lambda 4843 emission band is discussed.