Octenyl succinic starch (OSA starch) was synthesized from an aqueous medium and pyridine medium using previously established literature methods. Such a substitution would conceivably impart some hydrophobicity to the already hydrophilic starch chain. Thus, an amphiphilic character could be introduced wherein while the water solubility of the final product would be retained or enhanced, interactions with hydrophobic phases could be enhanced. These products find a variety of applications. The emulsifying activity of OSA starch was tested against different oil phases. It was found that the activity was dependent on the oil phase chosen. The activity was largely independent of the concentration of the substrates when the modification was conducted in an aqueous medium. Products from an organic medium did show an increase in activity with concentration. This difference in activity was attributed to the molecular weight of the final product, which seemed to be lower for the products from an organic medium as suggested by viscometry. The granular state of starch could also have a great effect on the properties of modified starch.