Co-continuous polycarbonate (PC)/poly(styrene-acrylonitrile) (SAN) = 60/40 wt.% blends were filled with 1 wt.% multi-walled carbon nanotubes (MWCNTs), which selectively localized within the PC component. To study the influence of the viscosity ratio, PCs with different viscosities were selected resulting in PC/SAN viscosity ratios (at 100 rad/s) between 1.2 and 4.5. With increasing viscosity ratio, smaller blend structures were observed. Furthermore, optical microscopy revealed that the filler dispersion was improved with decreasing PC viscosity. The highest electrical conductivity was achieved for the blend composite with the coarsest morphology, containing the low viscosity PC and having the lowest PC/SAN viscosity ratio. Transmission electron microscopy analysis indicated that for the composite prepared with high viscosity PC, not all of the incorporated MWCNTs were able to localize completely into the PC component. Instead, some MWCNTs were found to be stacked at the interface of the two polymers, indicating that the high PC melt viscosity had a restricting effect on the movement of the MWCNTs. Moreover, with electrical conductive atomic force microscopy, it was proven that small, spherical PC particles, even if filled with CNTs, do not take part in the conductive network of the blend composites. Rheological analyses showed a correlation with the morphological analysis and the electrical conductive behavior of the blend composites. In summary, a lower viscosity ratio between the blend components, in which upon addition due to thermodynamic reasons the CNTs localize (here PC), and the other component (here SAN) is favorable for high electrical conductivity values. (C) 2013 Elsevier Ltd. All rights reserved.