An integrated magnetic (IM) transformer is proposed for a phase shifted full bridge (PSFB) converter with zero voltage switching (ZVS). In a proposed IM transformer, the transformer is located on the center leg of E-core and the output inductor is wound on two outer legs with air gap. The proposed IM transformer is analyzed by using the magnetic capacitor model. For reducing the core size, EE core is redesigned. The proposed IM transformer is experimentally verified on a 1.2 kW prototype converter. The converter efficiency with the proposed IM transformer is about 93 % at full load and its volume size can be reduced. It can be expected that the power density can be largely increased with the proposed IM transformer.