Total suspended solids (TSS), five-day biochemical oxygen demand ($BOD_5$), total nitrogen (T-N), and total phosphorous (T-P) concentrations around and under a floating island were examined from October 2002 to September 2003. The island was installed in July 2002 on the surface of an agricultural irrigation reservoir located in the southern part of the Korean Peninsula. It was composed of six polyethylene panels. Each panel was 2 m (length) ${\times}$ 1 m (width) ${\times}$ 0.02 m (thick) and had about thirty-two holes each with a diameter of eight centimeters, through which plant roots grew down into the water. Coconut fibers of nine-centimeters in height were placed on the panel, which sustained plants rhizomes and roots. Both the fibers and the panel were raped with polyethylene wire mashes. About thirty irises (Iris pseudoacorus) were planted into the fibers of each panel. The concentrations of TSS, $BOD_5$, T-N and T-P below the island during the iris-growing season averaged 9.70, 2.59, 3.61 and 0.14 mg/L, respectively and those around it averaged 9.99, 2.83, 4.07 and 0.16 mg/L, respectively. The average concentrations of TSS, $BOD_5$, T-N and T-P below it during the iris non-growing season were 8.68, 2.37, 3.25 and 0.14 mg/L, respectively and those near it were 8.76, 2.43, 3.34 and 0.15 mg/L, respectively. At a significance level of ${\alpha}$=0.05, $BOD_5$, T-N and T-P concentrations under the island during the iris-growing season were significantly low when compared with those around it except TSS. No differences in TSS, $BOD_5$, T-N and T-P concentrations between around and near it were found at a significance level of ${\alpha}$=0.05 during the iris non-growing season. The removal of $BOD_5$, T-N, and T-P during the growing season were significantly high when compared with those during the non-growing season. TSS abatement of the floating island was very low during both the growing and non-growing seasons. The island's reductions of $BOD_5$, T-N and T-P were good during the growing season, especially T-N and T-P, which have been considered as primary pollutant sources causing the water quality degradation of reservoirs. The removal of T-N and T-P was primarily attributed to the absorption of nitrogen and phosphorous by the irises during the growing season.