Results of the study of the e + e - ->π 0 γ process with SND detector at VEPP-2M collider in the c.m.s. energy range s=0.60-0.97 GeV are presented. Using 36513 selected events, corresponding to a total integrated luminosity of 3.4 pb - 1 , the e + e - ->π 0 γ cross section was measured. The energy dependence of the cross section was analyzed in the framework of the vector meson dominance model. The data are well described by a sum of φ,ω,ρ->π 0 γ decay contributions with measured decay probabilities: Br(ω->π 0 γ)=(9.34+/-0.15+/-0.31)% and Br(ρ 0 ->π 0 γ)=(5.15+/-1.16+/-0.73)x10 - 4 . The ρ-ω relative interference phase is ρ ω =(-10.2+/-6.5+/-2.5) degrees.