The PEG and PCP have been used as a binder of high energy and minimum smoke propellant. In this study, PEG, PCP 0260, PCP 1270 and mixed PEG/PCP as a prepolymer were used, and also used BTTN/DEGDN and BTTN/TMETN as a plasticizer. Before being cured, the solution viscosity of prepolymer and plasticizer was measured with various contents of PCP in PEG and contents of plasticizer at $20^{cire}C$~$60^{cire}C$. The results were shown the increased concentration of PCP enhanced the viscosity of solution due to the hydrogen bond of PCP, and the increased contents of plasticizer undoubtedly decrease the viscosity of solution. The cured binders were tested for mechanical properties and measured for glass transition temperature with various concentration of PCP in PEG and contents of plasticizer. The increased concentration of PCP has shown better mechanical properties. This results were attributed to the H-bond. Also, the glass transition temperature was lowered with the higher contents of PCP Finally, with the higher content of PCP in PEG, the better mechanical properties and the lower glass transition temperature and the higher viscosity of solution were shown.