The instant invention relates to a changing color composition for caring for and/or making up keratin materials comprising, in a physiologically acceptable acceptable medium : a) at least 50 % by weight of an aqueous phase relative to the weight of the composition, b) microcapsules containing releasable colorant(s), c) at least one pigment chosen from organic pigments and non-lamellar mineral pigments, said pigment and microcapsules being present in the composition in a weight ratio of pigments / microcapsules >； 0,5.
