Direct incorporation of molecular oxygen into small organic molecules has attracted mucha ttention for the development of new environmentally friendly oxidation processes. In line with this approach,b ioinspired systems mimicking enzyme activities are of particular interest since they may perform catalysis in aqueous media. Demonstrated herein is the incorporation of an atural flavin cofactor (FMN) into the specific microenvironment of aw ater-soluble polymer which allows the efficient reduction of the FMN by NADH in aqueous solution. Once reduced, this artificial flavoenzyme can then activate molecular dioxygen under aerobic conditions and result in the Baeyer-Villiger reaction at room temperature in water.