We report calorimetric, Xray, electrooptic, electric-field and dielectric e
xperiments conducted on the recently discovered undulated twist grain bound
ary-C* liquid crystal. The results are discussed on the basis of the struct
ure of this new phase which is characterised by a two-dimensional modulatio
n orthogonal to the TGB helical axis and a helical arrangement of the molec
ular director within the smectic blocks.