The properties of the mixed prepolymer-urethane in the range of 10-40 phr were observed. LBR and LCR have same functional group but different in structure of molecular. The viscosity of mixture depending on content of rubber, adhesive strength, thermal property and compatibility with a diluted solvent are as follows: 1. The viscosity of the mixture was influenced by solubility of the diluent for urethane resin and liquid rubber. 2. Adhesive strength showed the highest value at 30phr rubber, decreased gradually at above 30phr rubber. And LBR revealed better physical property than that of LCR. 3. The most effective factors affecting adhesive strength are molecular structure of rubber, the type of solvent, and volatility. 4. Urethane resin containing LBR showed better compatibility for solvent and faster drying velocity. 5. LBR showed more favorable compatibility and dispersion state than those of LCR by analyzing the results of SEM.