The reaction e^+e^- ---> OMEGA+PI0 ---> PI+PI- 2PI0 has been studied with SND detector at VEPP-2M e^+e^- collider in the vicinity of the PHI(1020) meson resonance. The observed interference pattern in the energy dependence of the cross section is consistent with existence of the decay PHI ---> OMEGA+PI0 with a branching ratio of B(PHI ---> OMEGA+PI0)=(4.8+1.9-1.7+-0.8)x10^{-5}. The real and imaginary parts of the decay amplitude were measured. The PHI ---> OMEGA+PI0 decay was observed for the first time.
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