Blends of polycarbonate (PC) and poly(acrylonitrile-co-butadiene-co-styrene) (ABS) with different compositions are characterized by means of dynamic mechanical measurements. The samples show phase separation. The shift in the temperatures of the main dynamic mechanical relaxation shown by the blend with respect to those of the pure components is attributed to the migration of oligomers present in the ABS toward the PC in the melt blending process. A comparison with other techniques (dielectric and calorimetric analysis) and the application of the Takayanagi three block model confirm this hypothesis. In all the studied blend compositions (ABS weight up to 28.6%) the PC appears as the matrix where a disperse phase of ABS is present. The scanning and transmission electron microscopy micrographs show that the size of the ABS particles increases when the proportion of ABS in the blend increases. The FTIR results indicate that the interaction between both components are nonpolar in nature and can be enhanced by the preparation procedure.