The aim of this article was to investigate the nucleating ability of different nucleating agents for the foaming of poly(B-caprolactone), a biodegradable, semicrystalline polymer. In particular, the efficiency of the nucleating agent in inducing the formation of the gaseous phase has been compared to the efficiency in inducing the formation of the crystalline phase. In effect, in foaming of semicrystalline polymers, bubble nucleation and crystal nucleation are concurrent and somehow interacting phenomena. Here, these two aspects have been evidenced and clarified. Foams were prepared by using a batch process with the pressure quench method, with nitrogen and carbon dioxide as the blowing agents. Conventional and novel nucleating agents were used: talc has been compared to several novel nanometric particles of different geometries and dimensions, such as titanium dioxide and alumina powders, exfoliated and intercalated clays, and carbon nanotubes. Foam densities and morphologies, in terms of number of cells per initial unit volume, were measured and found to depend both on crystalline phase nucleation and gaseous phase nucleation. In fact, the different nucleating agents, depending on shape, dimension, and surface functionalization, selectively nucleated the crystallites and/or the bubbles, affecting, respectively, bubble growth (and, hence, final foam density) and bubble nucleation (and, hence, cell number density-morphology). POLYM. ENG. SCI., 48:336-344, 2008. (c) 2007 Society of Plastics Engineers.