The equation of state of poly(ethylene glycol)-b-poly(propylene glycol)-b-poly(ethylene glycol) (PEGÈPPGÈPEG) ] water has been measured in the sol phase at 298.15 K and up to 40 MPa. For the sake of comparison two mixtures of (PEG ] PPG) ] water, with the same PEG : PPG ratio as the copolymer, have been measured. The di †erences found between the data of the copolymer and the blend solutions are well beyond the experimental precision, the compressibility for the copolymer mixtures being larger than for the blend one. Contrary to previous non-aqueous mixtures, the aqueous ones present deviations with respect to the corresponding states equation proposed by the group of Sanchez (I. C. Sanchez, J. Cho and W. J. Chen, Macromolecules, 1993, 26, 4234). The surface tension c results show that both PEGÈPPGÈPEG and PPG are surface active, leading to a strong decrease of c with respect to that of water even for very low polymer concentrations. The behaviour of the spinodal pressure of the system is discussed in terms of the compressibility and the surface tension data.