The pure Lennard-Jones fluid and various binary mixtures of Lennard-Jones fluids are studied by both molecular dynamics simulation and with a new internal equation which is based on that proposed by Duh and Haymet recently [J. Chem. Phys. 103, 2625 (1995)]. The structural and thermodynamic properties calculated from this integral equation show excellent agreement with simulations for both pure fluids and mixtures under the conditions which we have studied. For mixtures, the effect of deviations from the Lorentz-Berthelot (LB) mixing rules for the interaction parameters between unlike species is studied. Positive deviations from the nonadditivity of the molecular cores leads to an entropy driven tendency for the species to separate. This tendency persists even in the presence of a deviation from the LB rule for the energy parameter which enhances the attraction of the unlike species. On the other hand, in the case of negative deviations from nonadditivity, the tendency for association may be either energy or entropy driven, depending on the size ratio.