Sodium (3-dodecanoyloxy-2-hydroxy-propyl) succinate (SLGMS) is a conjugated anionic surfactant in which a glycerol residue connects with a hydrophilic sodium succinate and dodecanoate. Aqueous micellar phase (Wm), hexagonal (H1), bicontinuous cubic (V1), and lamellar (Lα) phases are successively formed with increasing the surfactant concentration in a binary SLGMS-water system. The Krafft point is below 0 °C. The effective cross sectional area per surfactant molecule, as, in the H1 phase is almost constant, 0.5 nm2, and the shape of cylindrical micelle is almost unchanged with surfactant concentration. The cmc value of SLGMS measured by means of surface tension, electrical conductivity, and fluorescence probe methods is in the range of 4∼9 × 10−5 mol/l that is much lower than that of sodium dodecanoate, 2 × 10−2 mol/l, or SDS, 8 × 10−3 mol/l. Hence, it is considered that the polar glycerol part in the SLGMS acts as a hydrophobic part. The solubilization of oil in the SLGMS solution is much higher than that in the SDS solution and this also suggests that the glycerol and succinic units act as lipophilic moieties.