Phosphorus (P) is a key indicator of the aquatic organism growth and eutrophication in lakes. The distribution and speciation of P and its release characteristics from sediments were investigated by analyzing sediment and water samples collected during high flow and low flow periods. Results showed that the average concentrations (ranges) of total phosphorus (TP) in the surface and deep water were 0.06 mg L(-1) (0.03-0.13 mg L(-1)) and 0.15 mg L(-1) (0.06-0.33 mg L(-1)), respectively, while the average concentration (range) of TP in sediments was 709.17 mg kg(-1) (544.76-932.11 mg kg(-1)). The concentrations of TP and different forms of P varied spatially in the surface sediments, displaying a decreasing trend from south to north. P also varied topographically from estuarine areas to lake areas. The vertical distribution of TP and different forms of P were observed to decrease as depth increased. The P concentrations during the low flow period were higher than those during the high flow period. Inorganic phosphorus (IP) was the dominant form of P, accounting for 61%-82% of TP. The concentration of bioavailable phosphorus in sediments was relatively large, indicating a high risk of release to overlying water. The simulation experiment of P release from sediments showed that the release was relatively fast in the first 0-5 min and then decreased to a plateau after 1 hr. Approximately 84-89% of the maximum amount of P was released during the first hour.