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SUMMARY:A gradient squared free energy functional of the Landau-Ginzburg type is combined with Flory-Huggins theory to calculate minimum domain sizes, concentration profiles and interfacial tensions in ternary polymer blends. The dynamic equations governing spinodal decomposition are linearized to show that the minimum size for growth is identical to the thermodynamic minimum on phase volume. It is shown that unseparated, third components are enriched at the interface, reduce interfacial tension, increase stability and increase the minimum domain sizes. Enrichment of the third component at the interface causes concentrations at the major components to lie outside their binodal limits at a distance from the interface. Although the effects are most pronounced when the third component is a compatibilizer, the general phenomena remain true even when the third component is relatively incompatible. Generalizations to blends of N components are presented, and a robust method for calculating multicomponent phase diagrams is described.