Experimental research on highly dispersed, two-phase, turbulent flows was performed employing Freon 12 at different pressures up to the critical value. By means of visualization techniques it was possible to study the droplet size distribution, their spatial concentration, and the relationships among the deduced law of distribution and the main thermo-hydraulic parameters for different thermo-hydraulic conditions (pressure, mass velocity, and quality). Simple relations were developed which make it possible to determine, at least for some reference thermo-hydraulic situations, all of the characteristics of the liquid dispersed phase.