Various amount of $P_2O_5$ were added to $PbO-B_2O_3$ binary glass system to investigate its effect on the phase separation and physical properties of the glass. Experiments such as infrared spectroscopy scanning electron microscopy thermal expansion softening point and microhardnesses were done. Phase separation with $B_2O_3$ rich phase matrix and PbO rich phase droplet was observed for the glasses con-taining less than 10m/o of PbO while the opposite morphology of phase separation for the glasses containing more than 11m/o of PbO. By adding increasing amount of $P_2O_5$ their phase separation region was extended to the glass containing more than 20m/o of PbO. These effects can be interpreted in terms of the inoic field strength difference of each ions in the glasses. The abrupt changes of physical properties such as softening point thermal expansion and microhardness were observed for the glass with around 10m/o of PbO in this system. These changes are by the matrix composition change from TEX>$B_2O_3$</TEX> rich phase to PbO rich phase depending on PbO concentration.