New macromolecular antioxidants that were conjugates of dextran or hydroxyethylated starch with functionalized derivatives synthesized from 2,6-diisobornyl-4-methylphenol were prepared. Their antiradical activity compared with derivatives of 2,6-di-tert-butyl-4-methylphenol was studied in a model reaction with 2,2-diphenyl-1-picrylhydrazyl. The studied conjugates exhibited greater activity than sterically hindered phenols not bonded to a polymer chain. The synthesized isobornyl derivatives were more active than previously studied tert-butyl analogs.