A series of poly(methyl methacrylate) (PMMA) blends have been prepared with different compositions viz., 5, 10, 15, and 20 wt % ethylene vinyl acetate (EVA) copolymer by melt blending method in Haake Rheocord. The effect of different compositions of EVA on the physico-mechanical and thermal properties of PMMA and EVA copolymer blends have been studied. Differential scanning calorimetry (DSC), dynamic mechanical analysis (DMA) and thermogravimetric analysis (TGA) has been employed to investigate the phase behavior of PMMA/EVA blends from the point of view of component specific interactions, molecular motions and morphology. The resulting morphologies of the various blends also studied by optical microscope. The DSC analysis indicates the phase separation between the PMMA matrix and EVA domains. The impact strength analysis revealed a substantial increase in impact strength from 19 to 32 J/m. The TGA analysis reveals the reduction in onset of thermal degradation temperature of PMMA with increase in EVA component of the blend. The optical microscope photographs have demonstrated the PMMA/EVA system had a microphase separated structure consisting of dispersed EVA domains within a continuous PMMA matrix. (c) 2007 Wiley Periodicals, Inc.