This study was carried out to measure the growth and photosynthesis of Iris pseudoacorus, the reduction rate of nitrogen(T-N) and phosphoric acid($P_2O_5$) from soils, and the increase rate of two substance into plants which cultivated at waterway soils of different concentration of two substance. The results are summarized as follows; 1. The contents of nitrogen and phosphoric acid at waterway soils of Mangyeong river showed the highest level in the around Samrye railway bridge where was located in the downstream and sewage of stock raising flowed in 2. The Iris pseudoacorus which cultivated at waterway soils showed the leaf and root growth of 43~50 and 9~13cm, respectively. And the growth was higher in the waterway soils contained high level of nitrogen The rate of photosynthesis was $3.5-5.9{mu}mol;m^{-2}s^{-1}$ ranges and this rate increased from the end of June to August and then decreased. The rate of photosynthesis was higher in waterway soils contained high nitrogen regardless of seasons. 4. The Iris pseudoacorus removed nitrogen and phosphoric acid from waterway soils about 19~21% and 13~15%, respectively. The Iris pseudoacorus was effective to remove nitrogen more than phosphoric acid. And the waterway soil which included high concentration of two substance showed highly removal 5. The results of Iris pseudoacorus vegetation in the waterway soils showed that nitrogen and phosphoric acid of inside plant increased with 0.2-1.0% and 0.01-0.10% ranges, respectively. The contents of nitrogen and phosphoric acid in plants were increase in the soils of higher contents of nitrogen and phosphoric acid, and the rate of increase of nitrogen and phosphoric acid was higher at roots than leaves.