An oxygen carrier, cobalt di-(salicylal)-3,3’-diimino-di-n-propylamine (Co(SalPr)), was added into a polycarbonate membrane for improving its oxygen/nitrogen selectivity. Both the oxygen permeability and oxygen/nitrogen selectivity increased when only 3 wt% of Co(SalPr) was added. The permeability kept increasing but the selectivity decreased when more than 3 wt% of Co(SalPr) was added. The oxygen to nitrogen solubility ratio decreased when 3 wt% of Co(SalPr) was added. Further increase in Co(SalPr) content led to an increase in oxygen/nitrogen solubility ratio. It was astonishing to know that the effect of Co(SalPr) content on the oxygen/nitrogen solubility ratio was totally opposite to that on the oxygen/nitrogen selectivity. A membrane gas transport model which combines the dual mobility model with pore model was adopted to explain the above phenomenon. The specific volume measurement implied that the pore diffusion was responsible for this behavior. The contribution of sorption-diffusion type transport was also investigated by examining the transport behavior of the 3 wt% Co(SalPr) containing membrane through which the pore diffusion is relatively low. The effect of upstream pressure on the oxygen permeability and solubility implied that the diffusivity of Henry’s mode was much higher than that of Langmuir’s mode. It was also found that the effects of upstream pressure and operating temperature on the oxygen/nitrogen selectivity were both in accordance with those on the Henry’s mode solubility ratio. The above information suggested that in addition to the pore diffusion the ratio of Henry’s mode diffusion dominated the O-2/N-2 separation instead of the overall O-2 to N-2 solubility ratio.