A major drawback of cured phenol formaldehyde resin is the presence of microvoids, resulting from the liberation of condensation byproducts. In an attempt to rectify this, phenolic resol resin was blended with unsaturated polyester (UP). UPs with various maleic anhydride (MA) to phthalic anhydride (PA) ratios were synthesized and later mixed with resol resin in various proportions. The best MA/PA ratio was found out by determining the specific gravity, acetone-soluble matter, and volatile content of the cast blend, cured under a satisfactory time-temperature schedule. The influence of acid value of the UP and the most desirable UP content were also investigated on the basis of the quality of the modified phenolic samples. The structural changes in the modified resin were studied using FTIR spectroscopy. Scanning electron micrographs (SEM) of the fractured surfaces were obtained to ascertain the extent of microvoids in the modified resin. Both thermogravimetric analysis results and SEM micrographs confirm the effectiveness of UP in reducing the microvoids in the cast resol resin. The tensile and impact strengths of the samples also reflect the superior quality of the cresol phenolic resins that have been modified by UP. (C) 2009 Wiley Periodicals, Inc. J Appl Polym Sci 113: 802-810, 2009