Abstract: AIM To study the preparation, targeting and pharmacodynamics of third type immunoliposome loaded anticancer drugs. METHODS The monoclonal antibody of human bladder cancer was combined with the terminal of PEG-COOH (polyethyleneglycol carboxylic acid) that make the liposomes not only prolong circulation by the membrane protection of PEG, but also target by spreading the antibody on the liposomes surface. That was the third type immunoliposomes. According to this scheme, the IML-ADM (immunoliposome carried adriamycin) wes prepared in which ADM entrapment was efficient and stability was high and the antibody activity was kept. RESULTS The % survival of the targeting EJ cells treated with IML ADM (ADM=45.45 μg·mL^-1) was 4.3%±1.0%, but 72%±6% for non-targeting LOVO cells in vitro; the tumor weight in nude mice which were implanted by EJ cells after 27 days were (39±25) mg, (135±32) mg, (598±240) mg treated by IML-ADM, SSL-ADM (steric stable lipsomes carried Adriamycin) and normal saline, respectively, in vivo. CONCLUSION The results confirmed that the immunoliposme-mediated targeting anticancer drug is a feasible way.