Thermospheric temperature, composition, and winds at F region heights over the southern hemisphere polar cap have been measured by the Dynamics Explorer 2 (DE 2) satellite during October–November 1981. Perigee of the DE 2 satellite during this period was over the southern hemisphere polar cap, and measurements made along 0900–2100 local time polar passes are used to determine the average universal time dependence of thermospheric properties for this local time slice. The F region wind vector is derived from the meridional wind component measured by the Fabry‐Perot interferometer (FPI) and the zonal wind component measured by the wind and temperature spectrometer (WATS) instruments on board DE 2. The neutral gas temperature is derived from FPI and WATS measurements, and the compositional structure is determined from the neutral atmosphere composition spectrometer instrument. The measured temperature, composition, and winds along the 0900–2100 local time polar passes all display a universal time dependence that is due to the displacement between geomagnetic and geographic poles. The temperature and molecular nitrogen densities are enhanced, and the atomic oxygen density is reduced in the magnetic polar cap, in comparison with lower‐latitude regions. The neutral wind pattern follows the pattern of ion drift associated with magnetospheric convection. The National Center for Atmospheric Research thermospheric general circulation model (TGCM) is used to calculate the temperature, composition, and winds over the southern hemisphere polar cap region for conditions similar to those of October 1981. The TGCM includes displaced geomagnetic poles. The temperature, composition, and winds are determined along the DE 2 satellite track for various universal times. The calculated winds are in general agreement with the observed winds, both having a two‐cell pattern of magnetospheric convection. The calculated and observed composition patterns are also in general agreement with predictions made by the mass spectrometer and incoherent scatter radar 1983 empirical model when models and observations are normalized to the same constant pressure surface. The calculated and observed maximum compositional variations in the magnetic polar cap occur near 0900 UT, when the dawn sector of the auroral oval passes over the south geographic pole. The overall pattern of the calculated temperature variation is similar to that observed except for the period between 1300 and 1500 UT. Better agreement with temperature in this time range is obtained with the inclusion of auroral particle precipitation within the magnetospheric cusp.