This invention relates to a water-dispersed slurry coating which can provide a film excellent in water resistance and strength.The water-dispersed slurry coating comprises: (A) a particulate comprising (a1) a resin having an active hydrogen; and (B) a reactive surfactant comprising a hydrophilic moiety and a hydrophobic moiety having an aromatic ring-containing hydrocarbon group having 6 to 100 carbon atoms and having at least one group selected from the group consisting of an isocyanate group, a blocked isocyanate group and an epoxy group in the hydrophilic moiety, and having an oxyethylene group in a content of not less than 20% and not more than 97% by weight; and (a2) a curing agent according to need, in aqueous medium.