Electron beam irradiation studies on liquid crystal material 5CB have been carried out at a temperature where the compound exists in the isotropic liquid phase. In situ time-resolved spectroscopic characterization was carried out during the irradiation. Three different transients were observed during the 2-μs electron pulse. After about 50 μs, only one transient species was found to be present, which has an absorption peak at 360 nm. Radiolysed sample exhibits a broad absorption at ∼400 nm. The dielectric measurements show that even a low level of irradiation results in a dramatic increase in the component of dielectric permittivity normal to the long axes of the molecules ε⊥′, and a corresponding decrease in the dielectric anisotropy (Δε′=ε∥′−ε⊥′ ). These studies show that 5CB is prone to substantial radiation damage on exposure to the beam of high-energy electrons.