This paper addresses a method for predicting the participating constants in equation of state (EOS) for compressed polymeric fluids using two scaling constants. The theoretical EOS undertaken is Ihm–Song–Mason (ISM), which is based on the Weeks–Chandler–Anderson (WCA), and the two constants are the surface tension γ g and the molar density ρ g, both at the glass transition point. There are three temperature-dependent quantities that are required to use the EOS: the second virial coefficients B 2(T), an effective van der Waals co-volume, b(T) and a correction factor, α(T). The second virial coefficients are calculated from a two-parameter corresponding states correlation, which is constructed with two constants as scaling parameters, i.e., the surface tension γ g and molar density ρ g. This new correlation has been applied to the ISM EOS to predict the volumetric behavior of polymer melts including polypropylene (PP), poly(ethylene oxide) (PEO), polystyrene (PS), poly(vinyl methyl ether) (PVME), and polycarbonate bisphenol-A (PC) at compressed states. The operating temperature range is from 311.5 to 603.4 K and pressures up to 200.0 MPa. Other two-temperature-dependent parameters α(T) and b(T) appearing in the ISM EOS, are calculated by scaling rules. It was found that the calculated volumes agree well with the experimental values. A collection of 421 data points has been examined for the aforementioned polymers. The average absolute deviation between the calculated densities and the experimental densities is of the order of 0.6%. The newly obtained correlation has been further assessed through a detailed comparison against previous correlations proposed by other researchers.