An object of the present invention is to provide a method for producing (meth)acrylic-modified polybutadiene free from coloration and white turbidity without using a tin compound. The method for producing (meth)acrylic-modified polybutadiene of the present invention comprises reacting polybutadiene having a hydroxyl group at a terminal and a (meth)acrylic ester in the presence of an organoaluminum compound. As the organoaluminum compound, for example, a compound represented by formula (I) (wherein each of R.sub.1, R.sub.2, R.sub.3, and R.sub.4 independently represents a linear or branched C1 to C30 alkyl group) is preferred. ##STR00001##