It was reported recently that the pump head degradation near the best efficiency point from single-phase flow to the break-down due to air entrainment became less in a screw-type centrifugal pump than in a general centrifugal pump. In this paper, I carried out internal pressure measurements and visualizations, and investigated the various physical phenomena occurring inside a screw-type centrifugal pump operated in air-water two-phase flow. The results could give some characteristics about the degradation of pump performance on air-water two-phase flow.