We present new deep $VI$ ground-based photometry of the Local Group dwarf galaxy Phoenix. Our results confirm that this galaxy is mainly dominated by red stars, with some blue plume stars indicating recent (100 Myr old) star formation in the central part of the galaxy. We have performed an analysis of the structural parameters of Phoenix based on an ESO/SRC scanned plate, in order to search for differentiated component. The results were then used to obtain the color-magnitude diagrams for three different regions of Phoenix in order to study the variation of the properties of its stellar population. The young population located in the central component of Phoenix shows a clear asymmetry in its distribution, that could indicate a propagation of star formation across the central component. The HI cloud found at 6 arcmin Southwest by Young & Lo (1997) could have been involved in this process. We also find the presence of a substantial intermediate-age population in the central region of Phoenix that would be less abundant or absent in its outer regions. This result is also consistent with the gradient found in the number of horizontal branch stars, whose frequency relative to red giant branch stars increases towards the outer part of the galaxy. These results, together with those of our morphological study, suggest the existence of an old, metal-poor population with a spheroidal distribution surrounding the younger inner component of Phoenix. This two-component structure may resemble the halo-disk structure observed in spirals, although more data, in particular on kinematics, are necessary to confirm this.

46 pages, 21 figures, 9 Tables, to be published in AJ, August 99