Blends of ethylene-propylene-diene terpolymer(EPDM) and high density polyethylene(HDPE) have been prepared in a roll mill by the process "dynamic curing" where both blending and a crosslinking reaction was carried out simultaneously. As a crosslinking agent, dicumyl peroxide(DCP) was used. Throughout the experimental ranges, the dynamically cured polyblends were shown to be thermoplastic elastomers except highly crosslinked blends of high compositions of EPDM. The increase of melt viscosity was observed as EPDM composition and DCP contents increased. From DSC determinations, the crystallinity decreased with increasing contents of DCP. The tensile strength and elongation at break generally increased with increasing DCP content and increasing HDPE compositions, but highly depended on the combined effects of decreasing crystallinity and increasing crosslinking density.