The level structure of 169Yb has been studied by radiative capture of thermal neutrons in 168Yb. High resolution measurements of the gamma-ray spectrum have been performed using a Ge(Li) anti-Compton spectrometer in the low-energy region and a Ge(Li) pair spectrometer for the high-energy transitions. The target was Yb 2O 3 enriched to 19.5% in 168Yb thus corresponding to a cross section contribution of (97.5 −2.3 +0.8)% for 168Yb. More than 300 gamma lines have been detected in the spectrum. The high accuracy of the data allows the application of Ritz' combination principle to excitation energies up to 1.5 MeV. The results clearly demonstrate the presence of remarkable band-mixing effects. The analysis suggests the following spectroscopic interpretation (bandhead energies and dominant structure): 0 keV, 7 2 +(633) ; 24.25 keV, 1 2 −(521) ; 191.18 keV; 5 2 −(512) ; 569.78 keV, 5 2 −(523) ; 659.61 keV, 3 2 −(521)+ 1 2 −(521)+Q 2−2 ; 720.02 keV, 7 2 +(633)+Q 2−2+ 3 2 +(651) ; 813.46 keV, 5 2 −(512)+Q 2−2+ 1 2 −(510) ; 960.28 keV, case7 2 −(514) ; 1033.82 keV, 1 2 +(660)+ 1 2 +(660)+Q 20(?) ; 1110.68 keV, 1 2 −(521)+Q 22 ; 1204.28 keV, 3 2 +(651)+ 7 2 (633)+Q 2−2 ; 1231.45 keV, 1 2 −(521)+Q 2−2+ 3 2 −(521) ; 1319.72 keV, 1 2 −(510)+… . The neutron binding energy was found to be 6867.21±0.46 keV. Theoretical calculations have been performed which take into account pair correlation, quasiparticle-phonon interaction, rotation-vibration interaction and Coriolis coupling. The energy and structure of individual levels, the ratios of intensities for gamma-ray transitions and multipolarity admixtures are predicted. In general, good agreement is achieved between the theoretical calculations and the experimental results.