AbstractThis paper is concerned with finding complete axiomatizations of probabilistic processes. We examine this problem within the context of the process algebra ACP and obtain as our endresult the axiom system pr ACP−l, a version of ACP whose main innovation is a probabilistic asynchronous interleaving operator. Our goal was to introduce probability into ACP in as simple a fashion as possible, Optimally, ACP should be the homomorphic image of the probabilistic version in which the probabilities are forgotten, We begin by weakening slightly ACP to obtain the axiom system ACP−l. The main difference between ACP and ACP−l is that the axiom x + δ = x, which does not yield a plausible interpretation in the generative model of probabilistic com...