The self-assembly of poly(epsilon-caprolactone)-b-poly(ethylene oxide) block copolymers (PCLnPEO44 and PCLnPEO113) with narrow polydispersity in aqueous medium was studied using transmission electron microscopy. In this system, the formed micelles are composed of a crystalline PCL core and a soluble PEO corona. We demonstrated that the PCL-b-PEO block copolymers can form micelles with abundant morphologies, depending on the lengths of the blocks and composition. It is observed that for PCLnPEO44 the micellar morphology changes from spherical, rodlike, wormlike, to lamellar, as the length of the PCL block increases. In contrast, most of PCLnPEO113 (n = 21-147) block copolymers form spherical micelles, and only PCL232PEO113 exhibits mixed spherical and lamellar micellar morphologies. The effect of microstructure on micellar morphology was semiquantitatively interpreted in terms of reduced tethering density ((sigma) over tilde). It is found that lamellar micelles are formed when (sigma) over tilde is smaller than a critical value of between 3.0 and 4.8. A larger (sigma) over tilde indicates crowding of the tethered chain, and spherical micelles tend to be formed.