Spontaneous liposome formation is predicted in binary mixtures of f luid phase phospholipids and poly(n)ethylene oxide (PEO)-bearing lipids by using single chain mean field theory. The range of stability of the spontaneous liposomes is determined as a function of percentage of PEO-conjugated lipids and polymer molecular weight. These predictions were tested by using cast films of 1,2-diacylsn-glycerophosphocholines (e.g., egg L-␣-lecithin, 1,2-dimyristoyl-sn-glycero-3-phosphocholine, 1,2-dipalmitoyl-snglycero-3-phosphocholine, and 1,2-distearoyl-sn-glycero-3-phosphocholine) and 1,2-dipalmitoyl-sn-glycerophosphatidylethanolamine-PEO conjugates (i.e., 1,2-dipalmitoylsn-glycero-3-phosphoethanolamine-N-[methoxypoly(ethylene glycol)2000]carboxamide and 1,2-dipalmitoyl-sn-glycero-3-phosphoethanolamine-N-[methoxypoly(ethylene oxide)5000] carboxamide) that were hydrated above their gel-liquid crystal phase transition temperatures. Particle sizes of the resulting dispersions, analyzed by quasielastic light scattering, solute retention, 31 P NMR, and freeze-fracture electron microscopy measurements, confirmed the single chain mean field predictions. These data indicate that thermodynamically stable, unilamellar liposomes are formed spontaneously by simple hydration of f luid phase phospholipid bilayer films containing low molar ratios of PEO-based amphiphiles. They further suggest that the equilibrium size and colloidal properties of f luid phase, PEO-modified liposomes can be predicted by using this theoretical approach. The implication of these results on the design and processing of sterically stabilized liposomes used in drug delivery applications also is described.Since their discovery by Bangham in 1965, many processing methods for liposome production have been developed. The majority of these methods require the input of high energy (e.g., ultrasonic treatment, high pressure, and͞or elevated temperatures) to disperse low critical micelle concentration phospholipids as a metastable liposome phase. A limited number of alternative procedures that do not use external energy sources, however, have been described. Particles formed from a spontaneous vesiculation process have been reported that use temperature jumps near the phospholipid phase transition (1-3), pH jumps (4-7), and admixtures of high surface tension surfactants (8-17), which produce vesicles that are stable within a narrow regime of solution conditions. These methods are not used, however, to produce poly(n)ethylene oxide (PEO)-modified sterically stabilized liposomes with long circulation times in vivo (18) and other commercialized liposome formulations. Given the diverse nature of their applications in biotechnology and pharmacology, we sought a simple methodology for producing thermodynamically stable spontaneous liposomes, derived from commercially available phospholipids, that could survive in more challenging chemical environments. Our strategy for discovering these conditions focused on using a quantitative theoretical approach to analyze ho...