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Yup. Unfortunately, that sounds like a blown head gasket. You have the V6 motor? It's got a tendency to do that, from what I've read on this board. I've been lucky that way, hasn't happened on mine (knocks on wood).
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1992 Camry LE, V6 (3VZ-FE), ABS brakes, 330k miles, dark emerald pearl, owned since new.
1996 Avalon XLS, ABS brakes, moonroof, white, acquired w/ 139k miles, now at 261k.
2001 Yamaha FZ1, Ivan's jet kit, resprung all around, Ohlins in the rear, Race Tech cartridge emulators in the forks, 45k miles.
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