In 24 patients with severe chronic obstructive pulmonary disease (COPD), we investigated the evolution of pulmonary volumes, arterial blood gases (ABG) and mean pulmonary artery pressure (PAP), before (T₀-T1) and during (T1-T2) long-term oxygen therapy (LTO). LTO was initiated at T1 on usual criteria (PaO2 persistently ≤55 mm Hg) and was given during ≥16 h/day. The T₀-T1 period ranged from 12 to 186 months (mean 53 ± 41 months) and the T1-T2 period from 12 to 120 months (mean 44 ± 30 months). There was a significant worsening of the obstructive pattern (FEV1 decreasing from 1,084 ± 326 to 879 ± 318 ml, p < 0.005) and of ABG (PaO2 decreasing from 58.2 ± 9.2 to 51.6 ± 6.5 mm Hg, p < 0.01) before the onset of LTO, whereas there was a rather good stability of ABG during LTO and the changes in pulmonary volumes were modest and statistically nonsignificant (FEV1 decreased from 879 ± 318 to 809 ± 247 ml). PAP tended to increase from T₀ to T1 and to decrease from T1 to T2, but these changes only reached the level of statistical significance when they were expressed as changes per year ( + 1.0 ± 2.7 vs. –1.3 ± 4.5 mm Hg, p < 0.05). The evolution of physiological variables was nearly identical in subgroups of patients who had died (n = 13) or were still alive (n = 11) at the time of data collection (T3) and this held particularly true for PAP. However, FΕV1 at T2 was significantly lower (p < 0.01) in patients who died. It is concluded that the progressive deterioration of pulmonary volumes, ABG and PAP, which is observed before the onset of LTO is reduced (lung volumes), stopped (ABG) or reversed (PAP) during LTO. In COPD patients under LTO, prognosis is not related to the evolution of PAP or ABG (in ambient air) but rather to the worsening of bronchial obstruction