Resumo. This research aimed to investigate the influence of the positioning of Eucalyptus saligna and Pinus taeda wood veneers on layers of laminated veneer lumber (LVL) panels. The compositions were manufactured in six different combinations of five veneers of 3.2 mm thickness, glued with phenol-formaldehyde, resulting in treatments composed of wood of the same species or with a combination of two wood types. The evaluation of the proposed arrangements was performed under the characterization of physical properties (moisture content and density) and mechanical properties (modulus of elasticity – MOE and modulus of rupture – MOR) verified in flatwise and edgewise static bending tests. The results obtained indicated that, in most situations, the different positions of the veneers with higher density (in the outer, intermediate and inner layers) influenced the mechanical properties of the panels. The influence detected was varied for MOE and MOR, especially when comparing the flatwise and edgewise test values. In certain positions, on the layers of the LVL compositions, the presence of eucalypt veneers resulted in stiffness and strength increases. However, the treatments formed by interposed veneers of eucalypt and pine demonstrated interesting performances for structural use, in either flatwise or edgewise position, once they present values of MOE and MOR that allow to distinguish them as 1st class, according to the North American standard APA/EWS PRL–501 (2001).