Natural flooding is one of the major factors affecting vegetation dynamics in many regions of the world. The Flooding Pampa Grasslands (Argentina) are frequently exposed to flooding events of diverse intensity and duration, some of which Leontodon taraxacoides, an exotic dicot. frequent in these grasslands, seems to survive. Its responses to four different water depths (0, 1, 7 and 13 cm) were studied. The results indicate that plants in conditions of total submergence (depth of 13 cm) did not survive. In less severe flood conditions, increases in the leaf insertion angle resulted in the maintenance of a large proportion of the total leaf area above the water. Differences in leaf length and a decrease in the width and the proportion of lobes per leaf were also found under partial submergence conditions (depth of 7 cm). Root and leaf aerenchyma, present in unflooded plants, showed a significant increase in flood conditions. In spite of the anatomical and morphological responses, total biomass and leaf area were severely affected by water depth. Control plants allocated more biomass to reproductive organs, while partly submerged plants allocated more to leaves and less to reproductive organs. Mature L. taraxacoides plants presented a wide range of plastic adjustment as a survival strategy in soil anaerobiosis, and appear to be able to survive short spring floods in a vegetative state; in contrast, they might not tolerate total submergence conditions imposed by more intense and long-lasting floods.