Abstract: A water-dispersed resin composition obtained by dispersing in water a neutralized resin prepared by neutralizing a part or whole of the carboxyl groups in an alkyd resin produced by reacting (A) an oil or fatty acid, (B) tris(2-hydroxyethyl)isocyanurate and/or tris(hydroxymethyl)isocyanurate, (C) a polyhydric alcohol, (D) a monobasic acid, (E) a polybasic acid and (F) polyethylene glycol, wherein individual components (A) to (F) are formulated in terms of the ratio of the number of hydroxyl groups/the number of carboxyl groups in the range of 1.0/1 to 1.6/1 and said alkyd resin has an acid value of 30 or less, is excellent in drying properties and in film properties such as gloss, water resistance, etc.