Abstract: A reactor grade copolyester composition, as well as a heat-shrinkable film made therefrom, unexpectedly has higher ductility than a multi-component blend of copolyesters with the same monomer concentrations. The reactor grade copolyester composition is made from a diacid component of at least about 90 mole percent and a diol component of (a) about 72 to about 88 mole percent ethylene glycol, about 10 to about 15 mole percent 1,4-cyclohexanedimethanol, and about 2 to about 13 mole percent diethylene glycol, or (b) about 59 to about 77.5 mole percent ethylene glycol, about 15 to about 28 mole percent 1,4-cyclohexane-dimethanol, and about 7.5 to about 13 mole percent diethylene glycol. Further, the heat-shrinkable film may be produced to closely match the shrink characteristics of polyvinyl chloride by varying the amounts of the diol components of the reactor grade copolyester composition. Furthermore, a reactor grade copolyester composition has a b* color value of −1.0 to less than 4.