Rheological properties and flow instability at capillary extrusion of a random terpolymer composed of vinyl butyral, vinyl alcohol, and vinyl acetate, that is denoted as PVB in this article, are studied. It is found that the rubbery plateau modulus G 0 N is 1.3 MPa at 100 C from the oscillatory shear modulus. Furthermore, the average molecular weight between entanglement couplings M e is found to be 2670. Because of the relatively high value of G 0 N , it shows rubbery region in the wide temperature range (90 C-180 C). At the capillary extrusion, the surface instability (shark-skin failure) appears prior to volumetric melt fracture. The onset stress of the shark-skin failure, ca. 0.18 MPa, is similar to that of polyethylene, although PVB used in this study has narrow molecular weight distribution. Moreover, the apparent slippage is not detected, presumably due to good adhesion to the die wall. V C 2014 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2014, 131, 40337.