High time-resolution photometry of the proposed optical counterpart (Star 30)1 of the X-ray source2 2S1254-690 is reported here. An event of high statistical significance was observed from the star that has all the temporal characteristics of an X-ray burst (see, for example, ref. 3). 2S1254-690 has not previously been identified as an X-ray burst source, but its optical counterpart shows properties in common with this class of objects. We also derive the X-ray spectrum of 2S1254-690 using data obtained with the HEAO 1 satellite. The spectrum can be fit in the energy range 0.18-30 keV by a power law of photon index -2.5, modified by interstellar absorption.