A thin layer of the photosensitive cholesteric liquid crystal possessing a high value of the optical activity is studied. Reversible change in the optical activity controlled by two light emission diodes (LEDs) with different emission wavelengths is applied for information recording. The behavior of this structure under exposure to UV and blue light is investigated. A smooth decrease in optical activity caused by the UV light resulting in a change in the color of the structure between crossed polarizers is obtained. The reverse process occurs under exposure to the blue light. On the basis of the obtained results, two methods of optical information recording in such a layer have been demonstrated.