The particle morphology and in vitro release of protein from porous and nonporous PCL-F127 blended microparticles were evaluated. The BSA loaded PCL microparticles were prepared by the w/o/o/o emulsion-solvent evaporation method. Two types of homogenizer, a Polytron(R) homogenizer and a probe ultrasonicator, were used to prepare the emulsion systems. The effects of solvent evaporation rate on the crystallinity and the performance of the microparticles were investigated. Both microparticles showed quite different shapes as well as surface morphology and release characteristics. The microparticles prepared with a Polytron(R) homogenizer were quite porous in structure, which created channels for protein to continuously diffuse out, and resulted in sustained- and controlled-release characteristics. In addition, the initial burst release of protein from the microparticles was also reduced. Alteration of the evaporation rate of solvent did not change the crystallinity of the final microparticles. An influence of evaporation rate on the size of resulting microparticles was observed. The porous PCL microparticles were developed by choosing a proper homogenizer and fabrication conditions. Carefully controlling these variables resulted in microparticles with desirable release performance.