We consider three different asymptotic limits of a model describing linear particle transport in a stochastic medium consisting of two randomly mixed immiscible fluids. These three limits are: (1) the fluid packets are small compared to the particle mean free path in the packet; (2) a small amount of large cross section fluid is admixed with a large amount of small cross section fluid; and (3) the angular dependence of the intensity (angular flux) is nearly isotropic. The first two limits reduce the underlying model, which consists of two coupled transport equations, to a single transport equation of the usual form. The third limit yields a two-equation diffusion approximation, and a boundary layer analysis gives boundary conditions for these two coupled diffusion equations.