The Gaussian model of random interfaces is related to the statistical
mechanics of microemulsions by a variational approximation to the free
energy. This allows the prediction of the structure factor as a funct
ion of surfactant and water/oil concentrations and the bending modulus
. Different scaling regimes for the behaviour of the structure factor
(and the real-space structure) are identified and we predict how the s
tructure changes from one with a well-defined length scale to one with
no well-defined domain size as the surfactant concentration or the be
nding energy are decreased. Upon a further decrease in these quantitie
s, the correlation length of the exponential decay diverges, signifyin
g an instability of this system.