Fluorinated in situ polymerization of monomeric reactants (PMR) polyimide resins with improved melt processability and impact toughness were prepared from the diethyl ester of 3,3',4,4 '-benzophenonetetracarboxylic acid and the aromatic diamine 4,4 '-bis(4-amino-2-trifluoromethylphenoxy)biphenyl (6FBAB) with the monoethyl ester of 5-norbornene-2, 3-dicarboxylic acid as the molecular-weight-controlling and reactive endcapping agent. Effects of the calculated molecular weights (calc’d M
n values) on the resin melt processability and the thermal and mechanical properties of the thermally cured polyimides were systematically investigated. It was found that the fluorinated PMR resins with calc’d M
n of ≤ 2500 g mol-1 exhibited higher melt processability than the conventional PMR-15. After thermally cured, the thermoset polyimides displayed high thermal stability with the decomposition temperature at 5% weight loss (T
5) of > 62; 450°C, the glass transition temperature (T
g) of 273—326° C, and good mechanical properties. Carbon-fiber-reinforced composites fabricated from the representative polyimide showed outstanding mechanical properties both at ambient and elevated temperatures as well as high impact toughness at room temperature.