Worsening gas exchange during exercise and exacerbation in COPD contributes to systemic hypoxemia and restricts the quality of life. However, pulmonary hemodynamics under such conditions are not well understood. We performed right heart catheterization in six patients with severe COPD (%FEV 1 < 50%) during rest, exercise and exacerbation. Pulmonary artery pressure (Ppa) was a little elevated at rest. The Ppa, as pulmonary artery wedge pressure (Pawp) and cardiac index were significantly increased during bicycle ergometer exercise. In contrast, pulmonary vascular resistance significantly increased during exacerbation accompanied by a slightly increased Ppa.Supplemental oxygen resulted in significant decreases in Ppa and Pawp during exercise and Ppa during exacerbation. These findings suggested that the pathological pulmonary hemodynamics are characterized by significant pulmonary hypertension due to dynamic hyperinflation during exercise and a prominent vasoconstrictive reaction under exacerbation. The principal pathophysiology of the pulmonary circulation between exercise and exacerbation might differ in severe COPD. Supplemental oxygen is beneficial in these situations as reflected by improved pathological pulmonary hypertension.2