The dissolution process of the diazepam — γ-cyclodextrin complex in aqueous polymer solutions has been studied. Hydroxypropyl cellulose and polyvinylpyrrolidone stabilize the supersaturated state of the complex, maintaining the higher drug level for a longer period. Polyethyleneglycol and dextran accelerated the dissociation of the complex, and caused a rapid decrease in drug concentration. These anomalous dissolution behaviors are discussed on the basis of viscosity changes of the polymer solutions along with the competitive interaction of polymers for the inclusion complex.