  We report on the creation of Bose-Einstein condensates of $^{87}$Rb in a
specially designed hybrid, dipole and magnetic trap. This trap naturally allows
the coherent transfer of matter waves into a pure dipole potential waveguide
based on a doughnut beam. Specifically, we present studies of the coherence of
the ensemble in the hybrid trap and during the evolution in the waveguide by
means of an autocorrelation interferometer scheme. By monitoring the expansion
of the ensemble in the waveguide we observe a mean field dominated acceleration
on a much longer time scale than in the free 3D expansion. Both the
autocorrelation interference and the pure expansion measurements are in
excellent agreement with theoretical predictions of the ensemble dynamics.
