Blends of liquid crystalline poly(oxybenzoate-co-oxynaphthalate) (Vectra A950) and polycarbonate (PC) were prepared by adding a compatibilizer to the two polymers in a melt-blending process. The compatibilizer was based on controlled transesterification between synthesized poly(oxybenzoate-co-terephthalate) (40/60) and PC. The compatibilizer exhibited birefringence, and its thermal property was analyzed by differential scanning calorimetry. The maximum increase in tensile modulus and tensile strength of these compatibilized Vectra blends were 24% and 54%, respectively, as compared with those of binary Vectra blend without compatibilizer resulting from an injection-molding process. The tensile properties of the compatibilized Vectra blends decreased once the concentration of the compatibilizer exceeded 2 phr.