This study aimed at analyzing the phytoplankton structure and dynamics in Paso de las Piedras Reservoir, Argentina, through the study of dominant species, diversity and similarity in relation with the abiotic environment. Samples were collected weekly or biweekly (January 2004-June 2005 at four sampling stations. The reservoir experienced a seasonal progression in phytoplankton composition that underlines six successional periods, each one characterized by the dominance of one or a few species. Cyanobacteria, green algae and diatoms were the most important constituents of the reservoir's phytoplankton. Cyanobacteria dominated during summer and early autumn, green algae during late autumn and early winter, and diatoms during winter and spring. A high abundance of R. lacustris (Cryptophyceae) was observed during late September and early October. The general pattern of species succession is coherent with the general model of plankton seasonal succession described by the PEG model; however, the major discrepancy is the extremely short clear water phase observed. Successional periods were associated with changes in abiotic variables, and they showed differences in ecological traits. Cyanobacteria-Dictyosphaerium, Cyclotella, Stephanodiscus and Anabaena-diatom periods were characterized by a low number of cells, high diversity, with both dominance and specific richness low. On the contrary, during Cyanobacteria and Cyanobacteria II periods, the highest abundance was observed associated with low diversity and high dominance.