Uniaxial elongational flow followed by stress relaxation of a dilute mixture of polystyrene/polymethylmethacrylate) PS/PMMA with PS (5 wt%) as a dispersed phase was investigated. The behavior of the blend was found to be dominated by the PMMA matrix during elongation and by the interface during the relaxation at long time. Such a behavior was related to drop deformation and shape recovery during the relaxation process as was confirmed by morphological analyses on samples quenched within the rheometer just after elongation and at various times during the relaxation process. The morphology and the rheological material functions variation were compared to the Yu model (Yu W, Bousmina M, Grmela M, Palierne JF, Zhou C (2002) Quantitative relationship between rheology and morphology in emulsions. J Rheol 46(6):1381-1399).