We establish the existence and size of adsorbed polymer layers in miscible dense nanocomposites and their consequences on microstructure and the bulk modulus. Using contrast-matching small-angle neutron scattering to characterize all partial collective structure factors of polymers, particles, and their interface, we demonstrate qualitative failure of the random phase approximation, accuracy of the polymer reference site interaction model theory, ability to deduce the adsorbed polymer layer thickness, and high sensitivity of the nanocomposite bulk modulus to interfacial cohesion. DOI: 10.1103/PhysRevLett.107.225504 PACS numbers: 61.46.Df, 61.05.fg, 61.41.+e Particle aggregation in concentrated polymer solutions, melts, and cross-linked elastomers profoundly alters the mechanical, optical, and electrical properties of nanocomposites [1][2][3][4][5]. Mechanisms of controlling the state of particle aggregation in these complex mixtures remain elusive and poorly understood [6]. Conceptual frameworks for achieving good dispersion generally rely on chemically or physically bound polymer layers [7,8] to induce a repulsive interparticle potential of mean force between nanoparticles [9,10]. Nonetheless, understanding the nature of, and what controls, the structure and properties of these layers remains an outstanding challenge in soft matter of broad importance in polymer science, colloid science, and even biological systems. Obstacles limiting progress include (i) developing experimental tools and physics-based strategies for measuring and controlling the material-specific strength of polymer segments and particle surface attraction, (ii) differentiating polymer segments adsorbed on the nanoparticle surface from bulk polymer in the dense polymer solutions or melts, and (iii) measuring the packing structure of both segments and particles over a wide range of length scales and volume fractions.In this Letter, we present experimental results addressing the above issues using contrast-matching small-angle neutron scattering techniques in conjunction with carefully designed, thermodynamically stable (miscible) concentrated ternary solutions of short-chain polymers (oligomers), nanoparticles, and solvent. Measuring the intensity of scattered neutrons as a function of particle and polymer scattering contrast allows determination of all three partial collective structure factors that quantify spatially resolved segment-segment, particle-particle, and interfacial concentration fluctuations [11]. We employ this experimental knowledge to (i) determine the adsorbed layer thickness, (ii) quantitatively test at an unprecedented level the microscopic polymer reference interaction site model (PRISM) theory [12,13], and (iii) discover strong limitations of the incompressible random phase approximation (IRPA) [14]. How interfacial cohesion can qualitatively modify the effect of particle addition on the nanocomposite bulk modulus is addressed based on the experimentally validated theory.Silica nanoparticles of diameter D ¼ 40 nm are s...