The dynamic routing and wavelength assignment (RWA) problem in wavelength division multiplexing (WDM) optical networks with sparse wavelength conversion has been a hot research topic in recent years. An optimized algorithm based on a multiple-layered interconnected graphic model (MIG) for the dynamic RWA is presented in this paper. The MIG is constructed to reflect the actual WDM network topology. Based on the MIG, the link cost is given by the conditions of available lightpath to calculate an initial solution set of optimal paths, and by combination with path length, the optimized solution using objective function is determined. This approach simultaneously solves the route selection and wavelength assignment problem. Simulation results demonstrate the proposed MIG-based algorithm is effective in reducing blocking probability and boosting wavelength resource utilization compared with other RWA methods.