Ternary mixtures of isotactic polypropylene (iPP), high density polyethylene (HDPE) and hydrogenated oligo(cyclopentadiene) (HOCP) commercial products were prepared by melt mixing. The crystallization behaviour of iPP/HDPE and (iPP/HDPE)/HOCP systems were compared. It was shown that the ternary system separated in two binary systems. The presence of HOCP modified the morphology of iPP and HDPE phases. The polyolefins nucleation and crystal growth rates decreased due to the diluent effect of the oligomer. HDPE showed higher compatibility with HOCP than iPP.