We report experimental observations of an undulational instability of myelin
figures. Motivated by this, we examine theoretically the deformation and
possible instability of concentric, cylindrical, multi-lamellar membrane
structures. Under conditions of osmotic stress (swelling or dehydration), we
find a stable, deformed state in which the layer deformation is given by \delta
R ~ r^{\sqrt{B_A/(hB)}}, where B_A is the area compression modulus, B is the
inter-layer compression modulus, and h is the repeat distance of layers. Also,
above a finite threshold of dehydration (or osmotic stress), we find that the
system becomes unstable to undulations, first with a characteristic wavelength
of order \sqrt{xi d_0}, where xi is the standard smectic penetration depth and
d_0 is the thickness of dehydrated region.Comment: 5 pages + 3 figures [revtex 4