The stability of β-cyclodextrinethyl benzoate6H2O(β-CDC6H5COOC2H56H2O) was investigated by TG and DSC. The mass loss takes place in three stages: the dehydration occurs at 50-120C; the dissociation of β-CDC6H5COOC2H5occurs at 200-260C; the decomposition of β-CD begins at 280C. The kinetics of the dissociation of β-CDC6H5COOC2H5in a dry nitrogen flow was studied by means of thermogravimetry both at constant temperature and linearly increasing temperature. The results show that the dissociation of β-CDC6H5COOC2H5is dominated by a three-dimensional diffusion process (D3). The activation energy E is 116.19 kJ mol-1and the pre-exponential factor A 6.5358109min-1. Cyclodextrin is able to form inclusion complexes with a great variety of guest molecules, and the studies focus on the energy of binding between cyclodextrin and the guest molecule. In this paper, the β-cyclodextrinethyl benzoate inclusion complex was studied by fluorescence spectrophotometry and infrared absorption spectroscopy, and the results show that the stable energy of inclusion complexes of β-CD with weakly polar guest molecules consists mainly of van der Waals interaction.