Volume phase holographic (VPH) gratings have been designed for use in many areas of science and technology such as optical communication, medical imaging, spectroscopy and astronomy. The goal of this dissertation is to design a volume phase holographic grating that provides diffraction efficiencies of at least 70% for the entire visible wavelengths and higher than 90% for red, green, and blue light when the incident light is unpolarized. First, the complete design, simulation and optimization of the volume hologram are presented. The optimization is done using a Monte Carlo analysis to solve for the index modulation needed to provide higher diffraction efficiencies. The solutions are determined by solving the diffraction efficiency equations determined by Kogelnik's two wave coupled-wave theory. The hologram is further optimized using the rigorous coupled-wave analysis to correct for effects of absorption omitted by Kogelnik's method. Second, the fabrication or recording process of the volume hologram is described in detail. The active region of the volume hologram is created by interference of two coherent beams within the thin film. Third, the experimental set up and measurement of some properties including the diffraction efficiencies of the volume hologram, and the thickness of the active region are conducted. Fourth, the polarimetric response of the volume hologram is investigated. The polarization study is developed to provide insight into the effect of the refractive index modulation onto the polarization state and diffraction efficiency of incident light.