Poly (butyl methacrylate) (PBMA) was blended with a series of phenolic resins (PR) to study the effect of PR molecular weight on dynamic mechanical properties of PBMA/PR composites. Differential scanning calorimetry (DSC) and dynamic mechanical analysis (DMA) found a similar variation of glass transition temperature (Tg). The maximum loss peak (tanδmax) improved in all PBMA/PR blends compared with the pure PBMA. However, tanδmax reduced as the molecular weight increased. This is because PR with higher molecular weight is more rigid in the glass transition zone of blends. The hydrogen bonding between PBMA and PR was characterized by Fourier transform infrared spectroscopy (FTIR). Lower molecular weight PR formed more hydrogen bonds with the matrix and it had weaker temperature dependence. Combined with the results from DMA, we studied how molecular weight affected hydrogen bonding and thus further affected tanδmax.