A new luminescent oxygen and temperature sensor has been developed that utilizes two luminescent dyes, 5,10,15,20-tetrakis(pentafluorophenyl)porphyrin platinum(II) (PtTFPP, the oxygen sensor) and tris(1, 10-phenanthroline)ruthenium(II) dichloride (Ruphen, the temperature sensor). The two dyes are dispersed in an oxygen-permeable polymer binder consisting of a copolymer of 4-tert-butylstyrene (tBS) and 2,2,2-trifluoroethyl methacrylate (p-tBS-co-TFEM). To alleviate energy transfer and other quenching interactions between the two luminescent dyes in the p-tBS-co-TFEM binder, the Ruphen temperature sensor is encapsulated in polyacrylonitrile (PAN) polymer nanospheres that are prepared by coprecipitation of PAN and Ruphen from N,N-dimethylformamide solution. The temperature and air-pressure response of the emission from the sensor film is fully characterized by using emission spectroscopy. The emission from the two luminescent dyes is spectrally well-separated. The intensity of the Ruphen emission varies strongly with temperature (similar to 1.4% degrees C-1), whereas the intensity of the PtTFPP emission varies with temperature and air pressure. The two-dye luminescent coating is useful as a pressure-sensitive paint (PSP), where the emission from the Ruphen temperature sensor is used to correct for the temperature dependence of the pressure response of the PtTFPP sensor. To demonstrate the PSP application, a coupon coated with the sensor was imaged using a CCD camera, and the CCD images were analyzed by intensity ratio methods. Spectroscopic studies were also carried out on a sensor that contains three dyes in order to demonstrate the feasibility of including an intensity reference dye along with the temperature and pressure dyes into the sensor.