Abstract2‐Phthalimido‐1,3‐butadiene (2‐PB) was polymerized either radically or thermally in bulk and in solution. While the polymer obtained by solution polymerization was soluble in some solvents such as halogenated hydrocarbons, dioxane, and dimethylformamide and had a softening point in the range of 160–170°C., that obtained by polymerization in bulk was insoluble in any solvent and only swollen on being immersed in such solvents as above. The reduced viscosity of the soluble polymer obtained by solution polymerization was approximately 1.0, and this value remained almost unchanged with varying polymerization time. Likewise the cationic polymerization in acetylene tetrachloride or in chloroform at 20°C. with the use of cationic catalysts such as boron trifluoride and stannic chloride was attempted, but no formation of polymer was observed. This monomer preferentially reacted with acrylonitrile, methyl methacrylate, styrene, and N‐vinylphthalimide to form the respective copolymers; it reacted somewhat less readily with vinyl acetate. The monomer reactivity ratios in the copolymerization with styrene were calculated by the Fineman and Ross method and found to be r1 (2‐PB) = 5.2 and r2 (styrene) = 0.11, respectively, from which the Q, e parameters were successively evaluated to be Q = 5.0 and e = −0.05. The fact that e value is close to zero, easily explains why this monomer can copolymerize well both with acrylonitrile, which has a highly positive value of e (1.2) and with styrene, for which e is considerably negative (‐0.8).