The hydrogen bonding, miscibility, and thermal stability of polyamide toughened novolac type phenolic resin were investigated. The intermolecular force of the resin increased with the content of the soft segments of polyamides (nylon 6, nylon 66) that absorb the loads in the network of brittle phenolic resin. IR (IR region) spectra and differential scanning calorimetry results confirmed that the phenolic/polyamide blend was completely miscible. Its thermal degradation temperature was higher than 400 degrees C and increased with the increasing of polyamide content.