A literature review shows that the main arguments used to describe viscoelastic behavior of polymer composites are the existence of an interphase and/or physico-chemical matrix-reinforcement interactions. The purpose of this investigation was to study the influence of both of these parameters on the viscoelastic behavior of a sandwich structure. Using a theoretical approach of the mechanical coupling between phases in laminate composites, the interphase influence is shown to be negligible. In order to understand the influence of an interphase on viscoelastic features of laminates, some metal/polymer/metal laminates were processed under various conditions to obtain different degrees of metal/polymer adhesion. Dynamic mechanical spectroscopy tests reveal that both the amplitude of the main loss factor peak and the low temperature apparent modulus increase with the adhesion. Finite elements calculations show that discontinuities of displacements at the metal/polymer interface explain the loss peak changes. The continuity of displacements is ensured only from a threshold value of the peel energy.