The variety of bicommutative algebras consists of all nonassociative algebras satisfying the polynomial identities of right- and left-commutativity and . Let be the free -generated bicommutative algebra over a field of characteristic 0. We study the algebra of invariants of a subgroup of the general linear group . When is finite we search for analogies of classical results of invariant theory of finite groups acting on polynomial algebras: the Endlichkeitssatz of Emmy Noether, the Molien formula and the Chevalley-Shephard-Todd theorem and show the similarities and the differences in the case of bicommutative algebras. We also describe the symmetric polynomials in .

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