We investigated thermal, rheological, morphological and mechanical properties of a binary blend of poly(lactic acid) (PLA) and poly(butylene succinate adipate) (PBSA). The blends were extruded and their molded properties were examined. DSC thermograms of blends indicated that the thermal properties of PLA did not change noticeably with the amount of PBSA, but thermogravimetric analysis showed that thermal stability of the blends was lower than that of pure PLA and PBSA. Immiscibility was checked with thermal data. The rheological properties of the blends changed remarkably with composition. The tensile strength and modulus of blends decreased with PBSA content. Interestingly, however, the impact strength of PLA/PBSA (80/20) blend was seriously increased higher than the rule of mixture. Morphology of the blends showed a typical sea and island structure of immiscible blend. The effect of the blend composition on the biodegradation was also investigated. In the early stage of the degradation test, the highest rate was observed for the blend containing $80wt\%$ PBSA.