A new regular polyampholyte, namely poly- (N, N-dially-N, N-dimethylammonium-alt-N-octyl-maleamic carboxylate), was synthesized by alternating free radical copolymerization. The influence of the added polymer on the range of the inverse micellar region (L-2 phase) of a SDS-based system was investigated. The phase behavior as well as conductivity measurements indicate that the polymer, which forms hydrophobic microdomains, is located more in the water core of the microemulsion droplets rather than at the interface of the surfactant film. The polyampholyte proved to be an efficient reducing and stabilizing agent for the formation of gold colloids. The process of nanoparticle formation was investigated in the absence of any other reducing agent, in water as well as in the microemulsion template phase. In both cases, nanoscalic gold particles can be synthesized, while the adsorption of the polymer on the particle surface prevents their aggregation due to electrosteric stabilization. (c) 2006 Elsevier Inc. All rights reserved.