The invention is directed to a single mode optical waveguide fiber profile that provides relatively large effective area while limiting macrobend loss. The large effective area results from configuring the core of the waveguide fiber to shift propagated light power away from the waveguide center. Macrobend loss, as measured by pin array or 20 mm mandrel testing, is maintained low by means of a power-limiting index depression surrounding the central core region of the waveguide. In addition, low attenuation is achieved and cut off wavelength is controlled to provide a telecommunications operating window in the wavelength range of about 1250 nm to 1700 nm.