The present invention relates to a dispersion compensating module having a configuration that can effectively suppress high-speed fluctuations in the polarization state of light even when being imparted with impact or vibration. In the dispersion compensating module, a dispersion compensating optical fiber is fixed while being wound around the barrel of a bobbin, and the bobbin is fixed in the inside of a housing via a buffer that absorbs impact or vibration. The bobbin corresponds to a holder holding the dispersion compensating optical fiber fixed in a state of coil. The housing corresponds to a struct fixing the holder. The buffer fills a space between the housing and the bobbin on which the dispersion compensating optical fiber is coiled.