To provide phenol/amino condensed resin having especially excellent curability and excellent heat resistance, water resistance, flame retardance, strength, etc., and to provide a method for producing the phenol/amino condensed resin, capable of producing the phenol/amino condensed resin in high productivity and in a high yield.

This phenol/amino condensed resin is a condensate comprising a phenol derivative, an aldehyde and a triazine derivative and has 0.0001 mol% to 0.2 mol%; methylol content based on the content of a methylene bond. This method for producing the phenol/amino condensed resin comprises integrally formulating the phenol derivative with an aldehyde condensate and the triazine derivative to react the compounds. The triazine derivative is reacted with the aldehyde in the presence of a condensate of the phenyl derivative and the aldehyde.