Two-Color photoelectric observations were made at Flower and Cook Observatory, University of Pennsylvania. Since the spectroscopic elements are available for the system, derivation of an absolute physical dimension is now expected to be feasible. Results of computation of the orbital elements lead to a fact that the system shows an annular eclipse rather than a partial which is a finding reported by Shapley.

The photometric orbital elements of an Algol-type eclipsing variable, DI Pegasi, are derived by means of Fourier transforms from two-color photoelectric observations. The system shows a long term variation of its orbital period, which is interpreted as due to a continuing mass loss mechanism from the secondary component. Physical dimensions and a model of the system are also suggested here.