Cracked plates with bonded elastic circular inclusions inside a matrix were subjected to an impact tensile loading. The influence of the inclusion on the propagation of an initial edge-crack was discussed in this paper. Two types of specimens were tested, that is with hard or soft inclusions surrounded by soft or hard matrices respectively. It has been shown that bi-, or tri-furcations of the propagating crack have persistently occurred at the region of mesophase between matrix and circular inclusions. The phenomenon of splitting of the initial crack was common in both types of specimens, For the definition of the prevailing stress field, the dynamic stress intensity factors were evaluated at different positions of the crack, as well as the crack-velocities along the main crack or its branches during their propagation. It was observed that the crack initiation in soft plates with hard inclusions was followed by the emission of Rayleigh waves, which contributed to the mode of fracture of the composite. Isochromatic patterns were also used to simulate the stress-field of the propagating cracks against the inclusions at distinct time-instants where the propagating crack was frozen at this instant and static photoelastic analysis was applied. These approximations gave satisfactory results with the cracks advancing inside the composite plates.