33  US  6,291,723  Bl  34  33. A  method for making a condensation product of a  hydroxyaryl and a non-conjugated diene which comprises  reacting a hydroxyaryl with a non-conjugated diene in the  presence of from about 0.01 to about 1 % of trifluo- romethanesulfonic acid by weight based on the weight of the  hydroxyaryl and adding water to the hydroxyaryl, diene and  acid prior to the reaction, wherein the quantity of added  water decreases but does not eliminate the catalytic activity  of the acid and then heating the hydroxyaryl, diene and acid  at a temperature and time sufficient to effectuate reaction of  the diene with the hydroxyaryl.  *  *  *  *  *  26. A  composition comprising an aryloxy-non› conjugated-diene compound and a hydroxyaryl-non› conjugated-diene compound wherein the ratio of aryloxy to  hydroxyaryl compounds is from about 18 to about 48 by  25.  The process of claim  24  wherein the product contains  at least 60% by weight of an aryloxy-non-conjugated-diene  compound.  24. A  process for the preparation of a condensation  product of a hydroxyaryl and a non-conjugated diene  wherein the product contains at least 90% by weight of an  aryloxy-non-conjugated diene compound and a  hydroxyaryl-non-conjugated-diene compound and less than  about 10% by weight of higher molecular weight products of  said condensation which comprises: reacting a non› conjugated diene with a hydroxyaryl in a mole ratio of about  0.3 to 0.5 of non-conjugated diene to hydroxyaryl and at a  temperature of about 40°  to 70°  C. in the presence of,  32.  The composition of claim  18  wherein the quantity of  trifluoromethanesulfonic acid is from about 0.03% to 0.15%  based on the weight of the hydroxyaryl.  31.  The composition of claim  30  wherein the aryloxy and  hydroxyaryl portions are the residue of phenol and the diene  portion is the residue of dicyclopentadiene.  30.  The composition of claim  29  wherein the aryloxy and  hydroxyaryl portions of the diene product are the residue of  a member selected from the group consisting of phenol, a  cresol, bisphenol-A and resorcinol and the diene portion of  the product is the residue of a member selected from the  group consisting of dicyclopentadiene and limonene.  23.  The product of claim  22  wherein the diene is dicy- clopentadiene and the hydroxyaryl is phenol.  22.  The composition of claim  21  wherein the aryloxy and  hydroxyaryl portions of the diene product are the residue of  member selected from the group consisting of phenol, a  cresol, bisphenol-A, and resorcinol and the diene portion of  the product is the residue of a member selected from the  group consisting of dicyclopentadiene and limonene.  29. A  composition comprising a condensation product of  a hydroxyaryl reactant and a non-conjugated diene reactant  wherein the condensation product contains from about 5% to  about 40% of a hydroxyaryl-non-conjugated-diene  compound, optionally up to 2% of an aryloxy-non› conjugated-diene compound and products of the condensa› tion having a higher molecular weight than the said  hydroxyaryl-diene compound, said quantities based on the  weight of condensation product.  21. A  composition comprising a condensation product of  a hydroxyaryl and a non-conjugated diene, said product  including an aryloxy-non-conjugated-diene compound and a  hydroxyaryl-non-conjugated-diene compound wherein the  ratio of aryloxy-non-conjugated-diene compound to  hydroxyaryl-non-conjugated-diene compound in the prod› uct is about 0.5 to 1.5 and about 40% to at least 90% by  weight of the product is that of said aryloxy-diene com› pound and said hydroxyaryl-diene compound whereas about  5% by weight to 60% by weight is that of products of the  condensation reaction having molecular weights higher than  the hydroxyaryl-non-conjugated-diene compound.  uct has a ratio of 0.5 to 1.5 of aryloxy-non-conjugated-diene  compound to hydroxyaryl-non-conjugated-diene compound  and about 40% to at least 90% by weight of the product is  said aryloxy-diene compound and said hydroxyaryl-diene  compound which comprises:  weight and the ratio of said aryloxy and hydroxyaryl com› pounds to higher molecular weight products of the reaction  of a hydroxyaryl and a non-conjugated-diene is at least 9 to  1 by weight.  27.  The composition of claim  26  wherein the hydroxyaryl  reactant is phenol and the non-conjugated diene reactant is  dicyclopentadiene and the condensation product has a vis› cosity of from about 200 to 400 cps at 25°  C.  28. A  process for making a condensation product of a  hydroxyaryl and a non-conjugated diene wherein the prod› uct contains, by weight, from about 5% to about 40%  hydroxyaryl-non-conjugated-diene compound, optionally,  up to about 2% of aryloxy-non-conjugated-diene compound  and products of the condensation having a molecular weight  greater than said hydroxyaryl-non-conjugated-diene com› pound which comprises:  (a) reacting a non-conjugated diene with a hydroxyaryl at  a mole ratio of about 0.2 to about 0.5 moles of the diene  for each mole of the hydroxyaryl at a temperature of  about 45°  C. to about 100°  C.  (b) said reaction conducted in the presence of about  0.03% to about 0.1 % of trifluoromethanesulfonic acid  based on the weight of hydroxyaryl and about 0.03 to  about 0.3 of _ti-methyl pyrrolidone based on the weight  of hydroxyaryl, provided that the quantity of the  _ti-methyl pyrrolidone is at least equal to the amount of  trifluoromethanesulfonic acid.  (a) reacting a non-conjugated diene with a hydroxyaryl at  a mole ratio of about 0.2 to about 0.5 moles of the diene  for each mole of the hydroxyaryl at a temperature of  about 130 to about 190°  C.;  (b) said reaction conducted in the presence of about  0.03% to about 0.1 % of trifluoromethanesulfonic acid  based on the weight of hydroxyaryl and about 0.03 to  about 0.3 of _ti-methyl pyrrolidone based on the weight  of hydroxyaryl.  (1). about 0.03% to about 0.1 % of trifluoromethane› sulfonic acid based on the weight of hydroxyaryl; and  (2). about 0.03% to about 0.3% of _ti-methyl pyrrolidone  based on the weight of hydroxyaryl, provided that the  quantity of _ti-methyl pyrrolidone is at least equal to the  quantity of the acid. 