The process e^+e^- ->mu^+mu^- has been studied with SND detector at VEPP-2M e^+e^- collider in the vicinity of phi(1020) resonance. The product of branching ratios of phi meson into leptons sqrt{B(phi->mu^+mu^-) B(phi-> e^+e^-)}=(3.14+-0.22+-0.14)x10^{-4} was measured from the interference in the cross section of the process e^+e^- ->mu^+mu^-. The branching ratio B(phi->mu^+mu^-)=(3.30+-0.45+-0.32)x10^{-4} was obtained.
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