Chemical activity diagrarns, prepared to illustrate the properties expected if mixed-layer mont-morillonite/illite is regarded as a solid solution, are compared to those derived from a treatment of these materials as a mixture of two phases. If the system is a solid solution, the coexisting aqueous solution should range from higher dissolved silica contents in the presence of kaolinite and a montmorillonite end member to lower dissolved silica in the presence of kaolinite and an illitic end member. Silica concentration in the aqueous solution might vary by a factor of as much as six. If the system is two phase, the silica content of a solution in equilibrium with kaolinite and both phases would be fixed at a given T and P, as would a solution equilibrated with both phases and K-feldspar. In the absence of a third phase, silica in equilibrium with both phases should be nearly constant, but increase with increasing ratio of K+/H+ in solution. Available data on coexisting aqueous solutions apparently are more nearly consistent with two phases than with a solid solution.