Using the Maxwell displacement current (MDC) measurement with alternating monolayer compression and expansion process, the dielectric property of monolayers has been investigated. The monolayer expansion and compression processes were analyzed on the basis of the Debye theory, and the relaxation time of DL-alpha-dilaurylphosphatidylcholine (DLPC) was determined using a whole curve of MDCs. It was suggested that the interaction among molecules makes a contribution to the dielectric relaxation phenomena, although the change in the orientational order of polar molecules is a main contribution of MDC.