The hydrodynamic loads of a disk impacting pure and aerated water are investigated experimentally and numerically. Experiments are performed on a rigid disk with different aeration levels and focus on the spatial and temporal pressure distribution. Drop tests are conducted by a specially designed apparatus to prevent the variation of velocity during the slamming period. A specially designed bubble generator, able to adjust the void fraction, is utilized to generate uniform and tiny bubbles. A high-speed camera is utilized to record the water spray and splash curtain. A homemade compressible multiphase solver based on the reduced five equation model is adopted to evaluate the impact loads, which assumes the water and bubbles sharing the same velocity and pressure. The results show that bubbles in the water have a significant influence on the impact loads. As the void fraction increases from zero to nearly 1%, the peak impact pressure is reduced considerably and the impact duration is becoming obviously longer. In aerated water impact, the disk has a more uniform pressure distribution on the surface. However, the pressure impulse in aerated impact tests is basically unchanged compared with that in pure water.