Pressure-wave propagation through a separated gas-liquid layer at rest in a duct of constant rectangular cross-section and infinite length is considered. Such a system is dispersive, possessing an infinite number of modes which depend on the ratios of the densities, thicknesses and sound speeds of the two phases. The transitional variation of an infinitesimal disturbance initially having a step profile is investigated analytically and numerically. In addition, it is shown that a weak but finite disturbance is described asymptotically by the solution of the Korteweg-de Vries equation.