The physical behavior of isotropic and oriented samples of an isotactic polypropylene (iPP)/ethylene-propylene-copolymer (EPM) reactor blend was studied by performance of dynamic mechanical measurements over a wide temperature range (DMTA). The influence of thermal history and drawing procedure was examined. The results showed that with increasing draw ratio the uniaxial elastic modulus of the material was considerably enhanced, whereas the intensity and strength of the amorphous relaxations of both components were reduced. At a certain draw ratio, the glass transtions of iPP and EPM phenomenologically merged and appeared as a single relaxation. The crystalline relaxation of iPP emerged with increased draw ratio at higher temperatures and was better seperated and easier to detect. The effects observed were attributed to the orientation of the crystallites in a fibrillar structure and to the restricted molecular mobility in amorphous regions. Measurements by differential scanning calorimetry (DSC) and x-ray diffraction of several drawn samples were performed to determine the effects of drawing on the melting behavior and the crystal orientation in the semicrystalline polymer. For comparison, some results of analogous studies on neat isotactic PP are presented and discussed.