We theoretically study reflection and transmission of light in a one-dimens
ional disordered phase-conjugating medium. Using an invariant imbedding app
roach a Fokker-Planck equation for the distribution of the probe light refl
ectance and expressions for the average probabilities of reflection and tra
nsmission are derived. A new crossover length scale for localization of lig
ht is found, which depends on the competition between phase conjugation and
disorder. For weak disorder, our analytical results are in good agreement
with numerical simulations.