A study on combustion characteristics using emulsified fuel in a diesel engine were performed experimentally. In this paper, the experiments were performed at engine speed 1800rpm, emulsion ratios were 0%, 10%, 20%, and main measured items were specific fuel consumption, cylinder pressure, rate of pressure rise, rate of heat release etc. The obtained conclusions were as follows. 1) Specific fuel consumption increased maximum by 19.8% at low load, but was not affected at full load. 2) Rate of pressure rise and rate of heat release were about the same in the case of 10% and 20% of emulsion ratio. 3) Cylinder Pressure increased 9.6%, rate of pressure rise increased 53.4% in case of emulsion ratio 20% at full load. 4) Rate of heat release increased 72.4% in case of emulsion ratio 20% at full load.