The effects of the phase-separation temperature and time on the mechanical properties and morphology of poly(methyl methacrylate)/poly(styrene-co-maleic anhydride with 10 wt% ethyl acrylate) (SMA) blends were studied. Two compositions (20/80 and 40/60 w/w SMA/PMMAe) were prepared with a miniature twin-screw extruder. Compared with those of the miscible blends, the Young's modulus values of the blends increased after the phase separation of the 40/60 SMA/PMMAe blend and within the early stage of spinodal decomposition of the 20/80 SMA/PMMAe blend. The mechanical properties, in terms of the tensile strength at break and the elongation, were better for the miscible blends than for the phase-separation blends. This was believed to be the result of changes in the composition and molecular reorganization. The changes in the phase-separating domains of both compositions, as observed by transmission electron microscopy, had no significant influence on the tensile moduli. Detailed studies of the morphology revealed a cocontinuous structure, indicating that the blends underwent spinodal decomposition. A morphological comparison of the two compositions illustrated the validity of the level rule. The growth rate of the droplet size was determined by approximation from the light scattering data and by direct measurements with transmission electron microscopy. The discrepancies observed in the droplet size growth rate were attributed to heat variations induced by the different sample thicknesses and heat transfer during the investigation. (C) 2004 Wiley Periodicals, Inc.