A process for producing ethylene propylene ethylidenenorbornene terpolymers at polymerization reaction temperatures in excess of the softening temperature of said ethylene propylene ethylidenenorbornene terpolymers in a fluidized bed reactor catalyzed by a transition metal catalyst, which comprises conducting said polymerization reaction above the softening temperature of said ethylene/propylene/ethylidenenorbornene terpolymers in the presence of about 0.3 to about 50 weight percent, based on the weight of the final product of carbon black having a primary particle size of about 10 to about 100 nanometers, an average size of aggregate of about 0.1 to about 10 microns, a specific surface area of about 30 to about 1,500 m.sup.2 /gm, and a dibutylphthalate absorption of about 10 to about 350 cc/100 grams, whereby polymer agglomeration of said ethylene/propylene/ethylidenenorbornene terpolymers is maintained at a size suitable for continuously producing said ethylene/propylene/ethylidenenorbornene terpolymers.