A novel approach to a well-defined poly(2-hydroxyethyl methacrylate) [poly(HEMA)] and to its amphiphilic block copolymers was developed. The selective living anionic polymerization of the methacryloyl group of the bifunctional monomer 2-vinyloxyethyl methacrylate (VEMA) generated a functional polymer with a controlled molecular weight and a narrow molecular weight distribution (M-w/M-n = 1.05-1.09). This polymer is very stable under normal conditions. Being soluble in the common organic solvents, its characterization could be carried out easily. The unreacted vinyl groups in the side chains of the resulting polymer were further reacted with hydrochloric acid. This acidolysis changed poly(VEMA) to a well-defined poly(HEMA). In addition, the anionic block copolymerization of VEMA with styrene or methyl methacrylate also proceeded smoothly, generating the corresponding block copolymers. After acidolysis, these copolymers were turned into amphiphilic block copolymers containing a hydrophilic poly(HEMA) block.