The experimental results on the dissociation of iodine molecules in the presence of single oxygen molecules under a wide-range variation of the oxygen – iodine composition are presented. The rate constants are determined as for the reaction (reaction 1), for the reaction and for the reaction . The analysis of the experimental results shows that for different compositions of the active medium of the oxygen – iodine laser the iodine dissociation occurs via the chain of reactions , 4 and in the cascade process . For typical active medium compositions of the supersonic chemical oxygen – iodine laser, the contributions of each of the mechanisms to the dissociation are comparable. The experiments carried out did not reveal any contribution from the vibrationally excited oxygen molecules to the iodine dissociation. Thus, the performed experiments and the conclusions drawn from them completely confirm the mechanism of iodine dissociation, proposed earlier.