A series of copolyesters were synthesized by rnelt-polycondensation reaction of poly(ethylene terephtalate) (PET) with various proportions of equimolar compositions of p-acetoxybenzoic acid (p-ABA), hydroquinone diacetate (HQDA) and terephtalic acid (TPA). Viscosity, liquid crystallinity, thermal properties, degree of crystallinity and thermal stabilitiy of these copolyesters were investigated by Ubbelohde viscometer, hot-stage polarized light microscopy (PLM), differential scanning calorimetry (DSC), wide-angle X-ray diffraction (WAXD) and thermogravimetric analysis,TGA), respectively. On the basis of viscosity measurement, it was observed that intrinsic viscosity values of the copolyesters are increased regularly with increasing amounts of aromatic units (p-ABA, HQDA and TPA) in the polymer chain. Thermotropic liquid crystalline behavior was observed in the copolyesters containing over 50 mol% of rigid p-ABA/HQDA/TPA aromatic units. DSC analysis of the anisotropic copolyesters revealed broad and weak endotherms associated with the nematic phases, and the melting temperatures were found to be in the processable region. As the mol% of PET in the polymer chain increased, the specific enthalpies of fusion and the degree of crystallinity of the copolyesters were also increased regularly.