Several types of polybenzoxazine/clay hybrid nanocomposites. have been prepared from organically modified montmorillonite (OMMT) and mono- or bifunctional benzoxazine, 3-phenyl-3,4-dihydro-2H-1,3-benzoxazine (Pa) or bis(3-phenyl-3,4-dihydro-2H-1,3-benzoxazinyl) isopropane (Ba), respectively. OMMT was prepared by a cation exchange of montmorillonite (MMT) with ammonium salts of amines such as tyramine, phenylethylamine, aminolauric acid, and dodecyl amine. Polybenzoxazine/clay nanocomposites were prepared by two different methods, namely melt method and solvent method. Melt method employs the blending of benzoxazine and OMMT above the melting point of benzoxazine without solvent. In the solvent method, OMMT was dispersed in an organic solvent and then blended with benzoxazine. XRD measurements of the polybenzoxazine/clay hybrid nanocomposites showed that the blending method and the kind of solvent play crucial roles in the dispersion of OMMT in the polybenzoxazine matrix. DSC showed that the inclusion of any type of OMMT significantly lowered the curing exotherm of benzoxazines. The hybrid nanocomposites exhibited higher T, values than the pristine resins. Dynamic and isothermal TGA clearly showed that the thermal stability was improved by the inclusion of clay.