Interaction of the components and physical properties of the polypropylene (PP)/cycloolefin copolymer (COC) blends were studied by means of differential scanning calorimetry (DSC), dynamic mechanical thermal analysis (DMTA), Vicat softening temperature (VST), and measurements of the coefficient of linear thermal expansion (CLTE) and of the density. The attention was focused on the blends with 90-60% of PP by wt, where the COC minority component was present in the form of short fibers. DSC, DMTA, and density measurements concurrently prove the immiscibility of PP and COC. DSC measurements reveal that crystallinity and melting temperature of the PP component slightly decrease with the fraction of COC in blends, in the range of 56-47% and 164-161 C, respectively. Storage modulus and loss modulus of the blends are in a good accord with the model predictions based on (i) the equivalent box model (EBM) and on (ii) modified equations of the percolation theory. The dependence of the VST on the blend composition is in a good correlation with the previous morphological analysis. Measurements of the coefficient of thermal expansion provide useful data as the functions of temperature and blend composition. Density of the blends was found to obey the volume additivity.