We explore the free energetics of bubble nucleation in the micellar solution subjected to a negative pressure using a density functional model of a non-ionic surfactant solution. In this two-component model, the solvent is represented by a single hard-core sphere and the surfactant is represented by two tangent hard-core spheres connected by a rigid bond. The attractive interactions between the particles are modeled by the simple 1/R-6 form. Under all conditions of pressure and interparticle interactions we studied, the free energy barrier of bubble nucleation is found to be lower in the binary surfactant solution than that in a pure solvent and to continue to decrease as the mole fraction of the surfactant in the solution increases. We analyze the free energy surface of the model system under the conditions where both the critical bubble nucleus and the stable micelle exist in equilibrium with the same metastable solution. Our study shows that at moderately low pressures, bubbles can nucleate from the stable micelle and that the resulting free energy barrier of bubble nucleation is expected to be lower than that in the absence of this mechanism. However, as the spinodal is approached at lower pressures, the mechanism of micelle-assisted bubble nucleation becomes less effective. The liquid-liquid miscibility of the model system correlates well with the mechanism of bubble nucleation from the stable micelle.(C) 2004 American Institute of Physics.