The results of the polarization observations and photometry of AM Her obtained during 11 nights from April to September 1978 are presented. The observations were carried out in V spectral region with time resolution of about four minutes. The results of measurements are in agreement with previous observations. The polarization maximum, being mostly on the 1.3 % level, was rising up to 2 % only at an active state of the star. No correlation was found between rapid variations of light and linear polarization at an inactive state of the star. The phase dependence of mean polarization parameters is revealed. The displaced dipole magnetic field with different strength on the poles is assumed for the polar model to interpret the vector diagram of polarization.