The reactive blending of bisphenol A polycarbonate (PC) with poly(1,4cyclohexanedimethylene-1,4-cyclohexanedicarboxylate) (PCCD) was investigated with a new high-temperature solution-blending methodology. The ester-carbonate exchange reaction (transesterification) in the blends was studied with NMR and Fourier transform infrared. The composition analysis of the PC/PCCD blends was performed with 1 H NMR, and the molecular weights were determined with viscosity methods. 1,4-Dimethylcyclohexanedicarboxylate, 1,4-cyclohexanedicarboxylic acid, and 1,4-cyclohexanedimethanol were reacted with PC to study the tendency of polyester chain-end reactions such as transesterification, acidolysis, and alcoholysis. These model reactions revealed that the reactive blending was affected by both alcoholysis and transesterification, whereas acidolysis was absent. The model reaction products were used to study the mechanistic aspects of PC/PCCD reactive blending, which indicated the formation of three stable triads; two corresponded to symmetrical and unsymmetrical aromaticcycloaliphatic esters, and the other corresponded to aromatic-cycloaliphatic ethers. The composition analysis confirmed that in PC/PCCD reactive blending, the exchange reaction predominantly occurred in the polymer main chains, and the influence of the end groups was insignificant. The effect of the catalyst concentration and PC/PCCD composition on the extent of the exchange reaction was also investigated. Thermal analysis by differential scanning calorimetry revealed that the ester-carbonate exchange enhanced the compatibilization of PC/PCCD, and a single glass-transition temperature was observed for the miscible blends.