Melt rheological properties of PBT/SEBS and PBT/SEBS/SEBS-g-MA blends at SEBS volume fraction (U d ) 5 0.00-0.38 were studied at 240 C, 250 C and 260 C using a capillary rheometer. The compatibilizer SEBS-g-MA addition resulted in significant reduction in the dynamic interfacial tension which in turn led to increased phase adhesion. The power law exponent n decreased with increasing U d and increasing temperature for both the compatiblized and uncompatiblized blends. The consistency index of PBT/SEBS increased with increasing U d but were smaller than those of PBT/SEBS/SEBS-g-MA blends. Melt elasticity such as die swell and first normal stress difference increased with U d . Variations of first normal stress coefficient function (w 1 ), recoverable shear strain (c R ), relaxation time (k), and shear compliance (J c ) values versus shear rate were analyzed.