Using grand canonical Monte Carlo (GCMC) simulations of molecular models, we investigate the nature of water adsorption and desorption in slit pores with graphitelike surfaces. Special emphasis is placed on the question of whether water exhibits capillary condensation (i.e., condensation when the external pressure is below the bulk vapor pressure). Three models of water have been considered. These are the SPC and SPC/E models and a model where the hydrogen bonding is described by tetrahedrally coordinated square-well association sites. The water-carbon interaction was described by the Steele 10-4-3 potential. In addition to determining adsorption/desorption isotherms, we also locate the states where vapor-liquid equilibrium occurs for both the bulk and confined states of the models. We find that for wider pores (widths > 1 nm), condensation does not occur in the GCMC simulations until the pressure is higher than the bulk vapor pressure, P-0. This is consistent with a physical picture where a lack of hydrogen bonding with the graphite surface destabilizes dense water phases relative to the bulk. For narrow pores where the slit width is comparable to the molecular diameter, strong dispersion interactions with both carbon surfaces can stabilize dense water phases relative to the bulk so that pore condensation can occur for P < P-0 in some cases. For the narrowest pores studied-a pore width of 0.6 nm-pore condensation is again shifted to P > P-0. The phase-equilibrium calculations indicate vapor-liquid coexistence in the slit pores for P < P-0 for all but the narrowest pores. We discuss the implications of our results for interpreting water adsorption/ desorption isotherms in porous carbons.