This research assessed whether social physique anxiety moderated the relationship between physical self-perceptions and the level of physical activity involvement in young women. Participants were 354 female students who completed the Social Physique Anxiety Scale (SPAS), Physical Self-Perception Profile, Self-Administered 7-Day Physical Activity Recall (PAR), and Leisure Time Exercise Questionnaire (LTEQ). Both physical activity measures were significantly related to the SPAS and all physical self-perceptions. Multiple regressions showed that only self-perceptions of conditioning significantly predicted PAR (R2 = .24) and LTEQ (R2 = .30). SPA did not add any unique variance in predicting activity, and no moderator effects were found for either PAR or LTEQ. Findings suggest that perception of physical conditioning is the dominant predictor of physical activity levels in young women, and social physique anxiety does not moderate this relationship.