A dispersion compensating single mode optical waveguide fiber designed to change the wavelength window of operation of a link from 1301 nm to 1550 nm. The dispersion compensating waveguide fiber is characterized by a core glass region refractive index profile comprised of at least three segments. The segment on the waveguide center has a positive relative refractive index. At least one segment spaced apart from the waveguide centerline has a negative refractive index.