As physical activity and fitness are believed to influence esteem and self-perceptions positively, the purpose of the study was to examine the relationships among participation in physical activity, aerobic capacity, and physical self-perceptions in 40 men and 33 women, members of a British corporate health and fitness club. Hierarchical multiple regression analyses indicated a significant linear relationship for men between scores on Physical Self-worth and composite scores on Participation in Physical Activity. Men's feelings regarding general physical self-worth may be an important determinant of their subsequent levels of physical exercise.