Conformational analysis of 1,2‐di‐O‐octanoyl‐ethylene‐glycerol during aggregation by 600 MHz 1H NMR is described. In monomeric states, 1,2‐di‐O‐octanoyl‐ethylene‐glycerol exists in 75% anti‐conformer and 25% gauche‐conformer. The first critical micelle concentration of 1,2‐di‐O‐octanoyl‐ethylene‐glycerol is calculated to be 4.5 mM. In micellar states, 1,2‐di‐O‐octanoyl‐ethylene‐glycerol exists in 25% anti‐conformer and 75%) gauche‐conformer. When the concentration is greater than 10 mM, 1,2‐di‐O‐octanoyl‐ethylene‐glycerol probably aggregates to become the larger micelle, micelle II. In the second micellar state, 1,2‐di‐O‐octanoylethylene‐glycerol only exists in gauche‐conformer.