Let R(D) be the algebra generated in Sobolev space W22(D) by the rational functions with poles outside the unit disk D. In this paper the multiplication operators Mg on R(D) is studied and it is proved that Mg ～ Mzn if and only if g is an n-Blaschke product. Furthermore, if g is an n-Blaschke product, then Mg has uncountably many Banach reducing subspaces if and only if n > 1.
