The invention concerns an optically variable element, in particular an optically variable safeguard element for safeguarding banknotes, credit cards and the like, and a security product and a foil, in particular an embossing foil or a laminating foil, with such an optically variable element. The optically variable element has a thin film layer (54, 55, 58) for producing color change by means of interference and a further layer (51, 52, 53, 59). The thin film is in the form of a partial thin film element which covers the surface region of the further layer only in region-wise and pattern-shaped manner.