A series of acrylonitrile-butadiene-styrene (ABS) with different rubber content were prepared by diluting ABS grafting copolymer containing 60% rubber with a styrene-acrylonitrile copolymer. ABS prepared were blended with bisphenol-A-polycarbonate (PC) at the ratio of 70/30, 50/50, and 30/70 to prepare PC/ABS blends. Influence of rubber content in ABS on the properties of ABS and PC/ABS blends were investigated. PC/ABS blends with different compositions got good toughness when the rubber in ABS increased to the level that ABS itself got good toughness. The tensile properties and processability of PC/ABS blends decreased with the increase of the total rubber content introduced into the blends. ABS with the rubber content of 30 wt% is most suitable to be used to prepare PC/ABS blends. The rubber content in ABS affected the viscosity of ABS, and subsequently the viscosity ratio of PC to ABS. As a result, the morphology of PC/ABS blends varied. The increase of rubber content in ABS results in finer structure of PC/ABS blends.