Photoelectric UBV light curves of AR lacertae made in one season during 1981-82 are presented. Although the shape of the light curves in the outside eclipses shows a strong distortion, the scatter of observations as well as phase coverage are better than those previously available. Fourier coefficients are derived from the V-light curve and the observed curve successfully rectified to the Russell model. Light curve solutions are computed and the geometrical and physical parameters of AR Lac are derived as $a_s$=0.182, $a_g$=0.341, j=$86^{circ}$3, $L_s$=0.372, $L_g$=0.628, k=0.53, $X_s$=0.85, $X_g$=0.4.