Polymer dispersed liquid crystal (PDLC) and guest host polymer dispersed liquid crystal (GHPDLC) films were prepared by phase separated polymerization induced phase separation (PIPS) technique, Micro-texture studies shows that the liquid crystal droplets of varying size (similar to 5-40 mu m) consists mainly of bipolar configurations at lower field (similar to < 1V/mu m). They develop into maltese type configuration at higher field (similar to 8V/mu m, 10V/mu m for PDLC and GHPDLC). It was seen that the optical transmission increases in both cases with increasing temperature. A higher threshold voltage for GHPDLC relative to PDLC films with temperature was noticed. GHPDLC film shows faster switching time (similar to 340 mu sec) over PDLC (similar to 510 mu sec).