Copolymers based on poly(ethylene glycol) bearing one or more lipid-mimetic anchors were mixed with glycerylinonooleate (GMO)-a lipid with nonlarnellar propensity-to form bulk and particulate bicontinuous cubic phases in water. The particulate phase was obtained via a liquid precursor method. Three forms of copolymer/GMO mixtures were investigated-precursor dispersions in glycerol and bulk and particulate phases in water-by visual observations, dynamic light scattering (DLS), and cryogenic transmission electron microscopy (cryo-TEM). The bulk phases were found to very slowly develop a macroscopic appearance that can be associated with the bicontinuous cubic phase. They were prepared in a slight excess of water, which became opalescent in some of the preparations. Cryo-TEM investigation of the excess showed that vesicles and particles with a dense interior coexisted. The precursors were prepared as solutions in glycerol. The viscous liquid material was investigated by DLS. Diffusion coefficients and the corresponding hydrodynamic radii, ranging from about 10 to 30 nm, were calculated. The particles are presumably of a structure similar to that of conventional emulsion droplets with GMO in the interior and copolymer molecules in the outer regions. The particulate phase in water was obtained upon hydration of the liquid precursors. The dispersions were investigated by DLS and cryo-TEM. DLS revealed the formation of nanosized particles. The size was found to increase with increasing copolymer content for copolymers with only one lipid-mimetic anchor, whereas the opposite trend was observed for the formulations with copolymers bearing more than one lipid-mimetic anchor. The shape and interior of the particles were studied by cryo-TEM. It was found that most particles were globular. For some of the compositions, particles with a dense internal structure dominated. The texture of the internal structures was assigned to dispersed bicontinuous cubic or L-3 phases. In other compositions, the interior seemingly consists of arrays of interlamellar attachements.