A substantially non-gelled polymeric composition is disclosed and comprises the
reaction product of an A polymer which is an addition polymer having 3.5 or more
reactive functional groups per polymer chain and a B polymer having about 2 to
about 3 functional groups per polymer chain that are co-reactive with the reactive
functional groups of the A polymer. Also disclosed is a process for preparing such
polymeric compositions, powder coatings and 100% solids ink resins prepared with
such polymeric compositions, and a method for deglossing a powder coating using
such polymeric compositions.