Using scaling arguments, we consider dilute solutions of diblock-copolymers
consisting of a strongly hydrophobic block and a charged block in an aqueo
us salt solution. At low salt, the electrostatic repulsion of the charged b
lock dominates and we find a transition from spherical to cylindrical micel
les as the salt concentration increases. At high salt, the elastic energy o
f the hydrophobic core dominates and bilayers are favored. At intermediate
salt concentrations cylindrical, spherical. and bilayer morphologies coexis
t, suggesting the formation of degenerate, multiply connected structures. T
he endcap energy of cylindrical micelles is high, suggesting the formation
of long or toroidal cylindrical micelles.