Electro-optical properties of polymer dispersed liquid crystal (PDLC) films which have reversed morphology are investigated. Highly transparent memory states, for which transmittances exceed more than 80 per cent, are observed in these PDLC films. The saturation voltageV90can be decreased by a PTF (a phase transition with a field) operation and becomes 10 times lower than that without PTF operation. A contrast ratio of more than 600 is obtained in the memory state of a thick PDLC film.