Dielectric relaxation spectra of CTAB reverse micellar solutions, CTAB/isooctane/n-hexanol/water systems with different concentrations of CTAB and different water contents, were investigated in the frequency range from 40 Hz to 110 MHz. Two striking dielectric relaxations were observed at about 10(4) Hz and 10(5) Hz, respectively. Dielectric parameters were obtained by fitting the data using the Cole-Cole equation with two Cole-Cole dispersion terms and the electrode polarization term. These parameters show different variation with the increase of the concentration of CTAB or the water content. In order to explain the two relaxations systematically and obtain detailed information on the systems and the inner surface of the reverse micelles, an electrical model has been constituted. On the basis of this model, the low-frequency dielectric relaxation was interpreted by the radial diffusion of free counterions in the diffuse layer with Grosse model. For the high-frequency dielectric relaxation, Hanai theory and the corresponding analysis method were used to calculate the phase parameters of the constituent phases in these systems. The reasonable analysis results suggest that the high-frequency relaxation probably originated from the interfacial polarization. The structural and electrical information of the present systems were obtained from the phase parameters simultaneously.