The results of dielectric studies of 6BAP(F) (1-[4-(hexylbicyclo[2,2,2]octyl]-2-(3-fluoro-4-methoxy-phenyl)ethane) in the nematic and isotropic phases are presented. The substance has a negative dielectric anisotropy. By applying two experimental techniques, using a network analyzer and time domain spectrometer (TDS), the two main relaxation processes, connected with the molecular reorientation around the short and long axes, respectively, were resolved in the phases studied. The activation barriers hindering the motions were obtained. By extrapolation of the longitudinal and transverse relaxation times from the isotropic to the nematic phase the retardation factors, g∥ and g⊥, and the nematic potential versus temperature could be calculated. These are discussed together with the order parameter S obtained from the refractive index, and are compared with the predictions of the mean-field theories.