The effects of temperature and moisture on thermal and mechanical properties of high-temperature cyanate ester composite materials were investigated. A resin transfer molding process was used to impregnate glass fiber fabrics with matrices that underwent thermoplastic or elastomeric toughness modifications. The elastomer-modified material obtained the highest mode I fracture toughness values primarily because the toughener did not phase separate. Extended exposure to 200°C, however, deteriorated initial toughness improvements regardless of the modifier utilized. Although the thermal stability was increased by using thermoplastic modifiers in comparison to the elastomer-modified material, the degradation was mainly governed by the cyanate ester network. Gaseous degradation products caused delaminations and therefore reduced strength when the materials were exposed to 200°C for 1000 h. Also, upon immersion in water at 95°C, the matrices absorbed up to 3.3 wt % more than previous values reported in the literature. Fiber/matrix interfacial phenomena were responsible for this behavior because fiber/matrix adhesion also was reduced drastically as shown by the strong reduction in flexural strength. © 2000 John Wiley & Sons, Inc. J Appl Polym Sci 77: 556–567, 2000