Dynamic rheological characteristics of polypropylene (PP) filled with ultra-fine full-vulcanized powdered rubber (UFPR) composed of styrene-butadiene copolymer were studied through dynamic rheological measurements on an Advanced Rheometric Expansion System (ARES). A specific viscoelastic phenomenon, i.e. "the second plateau", appeared at low frequencies, and exhibits a certain dependence on the amount of rubber particles and the dispersion state in the matrix. This phenomenon is attributed to the formation of aggregation structure of rubber particles. The analyses of Cole-Cole diagrams of the dynamic viscoelastic functions suggest that the heterogeneity of the composites is enhanced on increasing both particle content and temperature.