A method of making a liquid crystal light modulating material comprising the steps of forming a solution of liquid crystal, curing agent, and uncured synthetic resin, one of the curing agent or resin having mesogenic units, and thereafter curing the solution to induce spontaneous formation of a liquid crystal phase interspersed with a liquid-crystal-side-group polymeric synthetic resin phase, the step of curing the solution being carried out in an electric or magnetic field effective to align the liquid-crystal side-groups and the liquid crystal phase and the mesogenic units being selected to have matching ordinary and extraordinary indices of refraction after the resin is cured to provide haze-free transparency in one of a field-ON or field-OFF condition.