We have discovered a solid, apparently amorphous phase of triphenyl ph
osphite to which the supercooled liquid converts, a phase distinct fro
m both the glass and the crystal. To date, this is the dearest and bes
t identified case of a first-order transition from a liquid to another
apparently amorphous condensed phase. We discuss this phenomenon in t
erms of a recently formulated theory of supercooled liquids that predi
cts and naturally incorporates the existence of such low-temperature p
hases, thereby suggesting that its existence is a general phenomenon i
ntimately connected with the existence and properties of supercooled l
iquids. In accord with the theory, we also suggest that although the X
-ray scans do not indicate any lattice structure, these apparently amo
rphous phases may in fact be defect-ordered structures with large unit
cells.