Aim: To investigate the strength of association of each parameter of deranged lipid profile with diabetic cardiovascular complications Methods: This was a hospital based cross sectional study which included 150 diabetic patients who visited shree krishna hospital from May 2008 to April 2009. Lipid profile of all the patients was estimated by fully autoanalyser, cardiovascular complications assessed by Echo-cardio graphic changes and Electro cardiogram (ECG) changes. Results: The prevalence of dyslipidemia is higher in diabetic population in our study. Serum cholesterol __ampersandsigngt;240 mg/dl was seen in 14%, serum triglycerides __ampersandsigngt;160 mg/dl was seen in 43.33 %, raised LDL (low density lipoproteins) __ampersandsigngt;130 mg/dl in 35.33 %, VLDL (very low density lipoproteins) __ampersandsigngt;40 mg/dl in 25.33% and low levels of HDL (high density lipoproteins)__ampersandsignlt;40 mg/dl were seen in 46.66 %. Though duration of disease, use of statins, abnormal level of cholesterol and lipoproteins also influence the development of diabetic cardiovascular complications,but on multiple logistic regression analysis, CVD (cardiovascular disease) had strong correlation with high levels of LDL only. Conclusion: Our study showed that Lipid profile abnormalities which are very common in type 2 diabetes, have a great influence on CVD. Estimated cardiovascular risk can be correlated with abnormal lipid profile, especially high level of LDL.