Flow induced crystallization of high density polyethylene has been studied in a two-phase flow system using low density polyethylene as the carrier phase. Extensional stresses were generated under slow flow conditions by either of two methods: one involving flow past a stationary seed, the other involving a droplet deformation and bursting mechanism. In both cases, oriented, fibrillar crystallization of the high density phase was observed optically and correlated with calculations indicating the presence of flow-induced extensional gradients. Morphological, thermal, and birefringence data indicate that the crystalline fibers produced are oriented and superheatable, and consist of a multifibrillar substructure. For fibers produced by the droplet bursting process a semi-quantitative agreement was found between fiber melting point and birefringence based on a simplified analysis for the bursting induced extensional flow. These results demonstrate that two-phase flows of crystallizable systems are a convenient means for studying the phenomenon of flow induced crystallization in polymer melts.