Poly(ethy1ene terephthalate) (PET) was melt blended with several liquid-crystalline polymers (LCPs), both with and without Ti(OBu), catalyst. The LCPs, referred to as VA, LC5, LC3, and SBH, respectively, were Vectra-A950, Rodrun LC-5000, Rodrun LC-3000, and a laboratory copolyester of sebacic acid (S), 4.4'-diacetoxybiphenyl (B), and 4-acetoxybenzoic acid (H). Their degree of aromaticity decreases in that order. The phase behavior and the morphology of the blends were studied by diEerential scanning calorimetry and scanning electron microscopy. All the LCPs retard the dynamic crystallization of PET. The lower the LCPs degree of aromaticity, the more pronounced was the effect. It was not possible to obtain any evidence of ester exchange reactions by the reactive blending of PET with VA. On the contrary, appreciable changes of phase behavior and morphology were observed under comparable conditions for the other blends. With LC5 and LC3, the transesterification process predominantly involved the ET-rich phase of those polymers. Extensive transesterification occurred between PET and SBH, as proven by the gradual formation of a quasi homogeneous material, with lowered temperatures and enthalpies of fusion and crystallization. For blends with more than 25% SBH, homogenization is followed by the segregation of a new, highly aromatic phase.