Title: Variational Approach in Studying the Mixture of the Fluids: Transport and Induced Elastic Stress Abstract: From the energetic point of view, most complicated hydrodynamical and rheological properties of the non-Newtonian complex fluids arise from the coupling and competing between the kinetic energy and different types of internal "elastic" energy. The examples include liquid crystal materials where the alignment of the molecule director contributes to the elastic energy; the Magneto-hydrodynamics (MHD) and Electro- hydrodynamics (EHD) where the magnetical and electrical fields are the source of the elasticity; different polymerical fluids; viscoelastical fluids; mixtures of different materials (where the the elasticity is due to the heterogeneity) and fluids involving different surfactant materials. The coupling between the transport of these elastic effects by the flow field and the induced elastic stresses in the momentum equations assure the Hamiltonian (or dissipative) nature of the whole system. On the other hand, such coupling also reflect the influence of the micro-structure of the material to the hydrodynamical properties of the fluid and the vice versa. The hydrodynamic theory of mixtures is a good example for these theories. In this talk, I will discuss a energetic variational approach involving phase field methods to model the dynamics of mixtures with free interfaces. The method can be generalized to the cases of more complicated cases, such as Marangoni effects, surface viscosity or more general surfactant situations. When the mixture involves viscoelastic materials, we employed a formulation of the system in Eulerian coordinates. Some analytical, numerical results as well as open problems will be presented.