We present experimental study of polarization quantum noise of laser radiation passed through optically think vapor of Rb 87 . We observe a step-like noise spectrum. We discuss various factor which may result in such noise spectrum and prevent observation of squeezing of quantum fluctuations predicted in Matsko et al, Phys. Rev. A 63, 043814 (2001).PACS numbers: 42.50. Gy, 42.65.Ky The sensitivity of many experiments is ultimately limited by quantum fluctuations of electromagnetic field. This stimulates the development of various methods for generation of light with non-classical statistics ("squeezed light"). Usage of such light field in an experiment often allows measurement noise reduction below shot noise limit [1,2]. Photon statistics modification often requires nonlinear optical medium; the degree of change depends on the strength of the nonlinear effects and linear losses in such medium [2,3].Recent proposals of photon statistics control based on coherent atomic vapor look quite promising from that point of view. Atomic coherence created between two hyperfine ground states of an alkali metal by a strong classical control field eliminates linear absorption and simultaneously produces strong nonlinear dispersion for a weak probe field (classical or quantized). This effect is known as electromagnetically induced transparency (EIT) [1]. Third-order nonlinear susceptibility in an EIT medium is substantial and comparable with linear susceptibility, which enhances coupling between electromagnetic fields participating in such nonlinear processes [4]. Ref. [5] demonstrated effective projection of photon quantum state on collective spin excitation of an atomic ensemble under EIT condition, long storage time, and the ondemand retrieval of quantum information.Matsko et al.[6] predicted squeezing of vacuum quantum fluctuations for laser light propagating through an EIT medium with coherence between Zeeman states of the same hyperfine atomic sublevel. Theoretical calculations estimated squeezing up to 8dB under realistic experimental conditions.The main purpose of this work was to study the polarization quantum noise of laser radiation for the D 1 line of Rb and to explore the possibility for squeezed vacuum observation on that transition. In particular, we studied the relation between laser intensity and the bandwidth of laser-induced quantum noise.The mechanism of polarization quantum noise squeezing proposed in [6] is the following: linearly polarized laser radiation is decomposed into two circularly polarized components σ + and σ − , as shown in Fig. 1(a), which form a Λ system and create coherence between |m F = −1 and |m F = +1 Zeeman sublevels, producing EIT. In an ideal three-level Λ system phase difference for two circularly polarized components does not change after interaction with atoms. However, under realistic conditions interaction of light with additional atomic levels (in particular with the other far-detuned hyperfine sublevel(s) of the excited state), Doppler effect, optical losses, etc., causes...