The stability with respect to demixing of a reacting binary polymer blend i
s investigated. In the spirit of earlier work (Read, D. J. Macromolecules 1
998, 31, 899), we combine the random phase approximation for the free energ
y with a Markov chain model for the chemistry to obtain the spinodal as a f
unction of the relevant degrees of reaction. These are then calculated by a
ssuming a simple second-order chemical kinetics. Results are presented, for
both linear and branched systems, which illustrate the effects of varying
the reaction rates and/or the stiffnesses of the constituent polymer "build
ing blocks". Phenomena arise that are not captured by theories assuming equ
ality of these parameters.