We use a simple and efficient computer model to investigate the physical properties of bilayer membranes. The amphiphilic molecules are modeled as short rigid trimers with finite range pair interactions between them. The pair potentials have been designed to mimic the hydrophobic interactions, and to allow the simulation of the membranes without the embedding solvent as if the membrane is in vacuum. We find that upon decreasing the area density of the molecules the membrane undergoes a solid-fluid phase transition, where in the fluid phase the molecules can diffuse within the membrane plane. The surface tension and the bending modulus of the fluid membranes are extracted from the analysis of the spectrum of thermal undulations. At low area densities we observe the formation of pores in the membrane through which molecules can diffuse from one layer to the other. The appearance of the pores is explained using a simple model relating it to the area dependence of the free energy. (C) 2003 American Institute of Physics.