Intralipid was used for providing the scattering component in a liquid tissue phantom.By diluting intralipid we are able to change the scattering properties of our model.Addition of India ink changes the model absorption.In order to provide a stable and reproducible phantom,a pliable RTV silicon resin model was developed.Titanium oxide and carbon black powders were added to the resin to obtain tissue-like optical properties.Time-resolved spectroscopy(TRS) was employed to obtain experimental values for reduced scattering coefficient for intralipid-Ink solution at various wavelengths and we compare these values with those predicted by Mie theroy.The 5% difference between our results and the results from Mie thoery are attributed at least in part to a difference in Intralipid composition.Good linearity (R~2>0.99) is found for the lines used to defind the slope of AC component and phase.