Graphlet frequency distribution (GFD) has recently become popular for characterizing large networks. However, the computation of GFD for a network requires the exact count of embedded graphlets in that network, which is a computationally expensive task. As a result, it is practically infeasible to compute the GFD for even a moderately large network. In this paper, we propose GUISE, which uses a Markov Chain Monte Carlo (MCMC) sampling method for constructing the approximate GFD of a large network. Our experiments on networks with millions of nodes show that GUISE obtains the GFD within few minutes, whereas the exhaustive counting based approach takes several days. Cit 92-94(V=4,340,E=12,917) Cit 92-96(V=9,186,E=53,183 ) Cit 92-98(V=14,572,E=125,346) Cit 92-00(V=8,000,E=20,523) Cit 92-03(V=27,770,E = 352, 8 07)