Limits to phase information in the parametric oscillator. Paul Kinsler Department of Physics, Imperial College, Prince Consort Road, London SW7 2BW, United Kingdom. http://arXiv.org/abs/quant-ph?0110118 Light in which the quantum fluctuations have been squeezed is often proposed as a means of obtaining an improved phase reference compared to that available from coherent light. Such a phase reference contains information about the phase of the squeezed light, so it is important to calculate the limits to the amount of "phase information" available. I define a phase resolution and show how this scales as we increase the number of photons available when using squeezed light generated by a parametric oscillator. Simple schemes for creating squeezed coherent light using a beam-splitter and an interferometer are analyzed, and it is shown that the results agree with earlier claims [Kinsler] that when using squeezed coherent light as a phase reference, the gain is not one of improved accuracy, but of lower power This research was primarily done at the Department of Physics, University of Queensland, Australia 4072, as part of my PhD in 1993-1994, and was largely contained within my thesis. Email: Dr.Paul.Kinsler@physics.org