Polymer blends of poly(vinylphenol) (PVPh) and poly(styrene-co-vinylphenol) with poly(p-acetoxystyrene) (PAS) were prepared by solution casting from tetrahydrofuran solution. The thermal properties and hydrogen bonding of the blends were investigated by differential scanning calorimetry (DSC) and Fourier transform infrared spectroscopy. Although hydrogen bonding existed between the PVPh and PAS segments, the experimental results indicated that PVPh is immiscible with PAS as shown by the existence of two glass-transition temperatures over the entire composition range by DSC. This phenomenon is attributed to the strong self-association of PVPh, intramolecular screening, and functional group accessibility effects of the PVPh/PAS blend system. However, the incorporation of an inert diluent moiety such as styrene into the PVPh chain renders the modified polymer to be miscible with PAS. Copolymers containing between 16 and 51 mol % vinylphenol were fully miscible with PAS according to DSC studies. These observed results were caused by the reduction of the strong self-association of PVPh and the increase of the interassociation between PVPh and PAS segments with the incorporation of styrene on the PVPh chain. According to the Painter-Coleman association model, the interassociation equilibrium constant of PVPh/PAS blends was determined by a model compound and polymer blend. Good correlation between these two methods was obtained after considering the intramolecular screening and functional group accessibility effect in the polymer blend.