Аннотация:Advances in theory of reactions in polymer blends are reviewed. For polymeranalogous reaction, the evolution of the blend structure under concerted action of the reaction and interdiffusion is described for the first time. For endcoupling reaction, the reaction kinetics both in a homogeneous melt and at the interface is considered. An influence of the diblock copolymer formed both on the reaction kinetics and on the thermodynamic equilibrium is analyzed. Theoretical models account for interchain interactions between the block copolymer and homopolymers and analyze such phenomena as segregation of the copolymer to the interface leading to the significant change in the interface properties and the blend stability. For interchain exchange reaction proceeding in a homogeneous melt, an analytical description of the molecular weight and block length transient distributions of the reaction product has been developed. The competition between the reaction and spinodal decomposition has been described. Some unsolved important problems are formulated. The role of experimental studies of the reactions in relatively simple model systems, which stimulate formulating appropriate theoretical problems, is emphasized.