The general properties of stationary waveguides formed in plasma by re
lativistic self-focusing of ultrapowerful laser pulses are investigate
d on the basis of a modified nonlinear Schrodinger equation. It is sho
wn that the waveguides can transport arbitrary amounts of energy and t
hat their characteristic size has a lower limit. The formation of the
waveguides is studied. It is found that for ultrahigh laser power leve
ls a qualitatively new regime of self-excited oscillations of the ''va
cuum channel'' appears. (C) 1995 American Institute of Physics.