A water-soluble polysaccharide was isolated from Fraction-II of the aqueous extract of the fruit bodies of the mushroom, Pleurotus florida. Compositional analysis, methylation analysis, periodate oxidation study, Smith degradation, and NMR studies (1H, 13C, DQF-COSY, TOCSY, NOESY, HSQC, and HMBC) revealed the presence of the following repeating unit in the polysaccharide: [structure: see text].