The present invention relates to functional fluid compositions containing antioxidants, and specifically stable compositions containing antioxidants with limited solubility in and/or limited compatibility with the functional fluids with which they are used. In particular the present invention deals with functional fluids used in internal combustion engines, such as engine oils, and antioxidants containing a phenolic or benzoic group, where the antioxidant is present in the functional fluid composition at levels that would otherwise cause the composition to be unstable and/or hazy.