The amino terminal segment of the gp32 glycoprotein of SIV has been identified as an important region for membrane fusion. A synthetic dodecapeptide corresponding to this amino terminal segment, SIVwt, can promote the fusion of liposomes. This peptide inserts at an oblique angle into the membrane. If the amino acid sequence of this peptide is changed, while maintaining the same amino acid composition, the resulting peptide, SIVmutV, no longer promotes fusion and it is oriented perpendicular to the plane of the bilayer. In the present work we demonstrate that SIVwt, but not SIVmutV, can lower the bilayer to hexagonal phase transition temperature of model membranes composed of dipalmitoleoyl phosphatidylethanolamine. In addition the SIVwt promotes the formation of structures which give rise to isotropic 31P NMR signals in mixtures with monomethyldioleoyl phosphatidylethanolamine. These structures are not formed with SIVmutV and their formation with SIVwt is suppressed with lysophospatidylcholine. Taken together these results suggest that the observed correlation between oblique insertion of viral fusion peptides into membranes and their fusogenicity may be a consequence on these peptides increasing negative monolayer curvature.