The effect of phase separation in chemically heterogeneous copolymers on the dynamic‐mechanical data, i. e. the dynamic shear modulus and mechanical damping, was studied over a wide temperature range for the binary copolymer systems AN/MA, AN/VA, CHMA/MA and S/BA (AN: acrylonitrile, VA: vinyl acetate, CHMA: cyclohexyl methacrylate, MA: methyl acrylate, S: styrene, BA: n‐butyl acrylate). Dynamic‐mechanical tests are very sensitive to detect two coexisting phases within the chemically heterogeneous copolymers. Additionally, the morphology of the two‐phase copolymers was investigated by transmission electron microscopy. Without exception, the studied copolymers show domain‐matrix structures of dispersed rubber‐like phases in the thermoplastic matrix. The domain sizes depend on the monomer reactivity ratios and the copolymer miscibility.