Polybutadiene latex grafted (g-PB) in g-PB/SAN blends, i.e., acrylonitrile-butadiene-styrene terpolymer (ABS) were partially replaced by acrylonitrile-butadiene copolymer (NBR) with various acrylonitrile (AN) contents. Changes in morphology, physical and rheological properties were examined. The dispersed size of NBR was decreased as the miscibility with matrix SAM, was increased by increasing AN content in NBR upto 50 wt%. Impact strength was enhanced about two-fold due to the NBR dispersed with a slight larger size than the original g-PB. Gloss was effectively reduced as the particle size of NBR was increased. Tensile yield strength was decreased, and elongation at break or yield behavior at low shear rate were increased as g-PB was partially replaced by NBR having AN content less that 40 wt%.