The influence of morphology of glass-bead-filled isotactic polypropene containing 0-20 vol% thermoplastic elastomers (TPE) on mechanical and rheological properties was investigated. Polystyrene-bloch-poly( ethene-co-but-l-ene)-block-polystyrene (SEBS) and the corresponding block copolymer grafted with maleic anhydrid (SEBS-g-MA) were used as thermoplastic elastomers, realizing, in the first case, a three-phase morphology with separately dispersed glass beads and SEES particles. In the second case, SEBS-g-MA forms an elastomeric interlayer between glass beads and polypropene matrix, comprising core-shell particles. Young＇s modulus and tensile yield stress of the hybrid composites decrease with an increase in TPE volume fraction due to low stiffness and strength of TPE. In comparison with the three-phase morphology of hybrid composites with SEES, SEBS-g-MA interlayers effect? reduced stiffness of the hybrid composites but improve interfacial adhesion and, thus, tensile yield stress. Rheological storage and loss moduli increase with an increase in glass bead and TPE volume fraction. Due to improved interfacial adhesion, melt elasticity and viscosity are enhanced by the SEBS-g-MA interlayer when compared with separately dispersed SEES. Consequently, the reduced stiffening effect of the glass beads due to SEBS-g-MA interlayer decreases mechanical elasticity, whereas improved interfacial adhesion, also promoted by the SEBS-g-MA. interlayer, enhances tensile yield stress and melt elasticity.