This study reports the successful synthesis of amphiphilic MPEG-b-PCL based-block copolymers bearing benzyloxy and hydroxyl side groups on the PCL block by ring-opening polymerization of 4-benzyloxy-e-caprolactone (4-BOCL) and e-caprolactone (e-CL) with methoxy PEG (550 g mol À1 ) as the initiator and Tin(II) 2-ethylhexanoate (SnOct 2 ) as the catalyst. These copolymers were characterized by differential scanning calorimetry (DSC), 1 H NMR, and gel permeation chromatography. The thermal properties (T g and T m s) of the block copolymers depend on the polymer composition. Incorporating a greater amount of 4-BOCL and/or e-CL was incorporated into the macromolecular backbone causes a decrease T g , and an increase in T m s. The micellar characteristics in the aqueous phase were investigated by fluorescence spectroscopy, transmission electron microscopy (TEM), and dynamic light scattering (DLS). A lower critical micelle concentration (CMC) was observed in MPEG 12 -b-PBOCL 12 -b-PCL series, which have higher hydrophobic components in the copolymers. However, contrasting results were observed for MPEG 12 -b-PBOCL 27 -b-PCL systems. The micelle exhibited a spindle shape, with an average size of less than 200 nm. A weak drug entrapment efficiency and drugloading ability of these micelles were observed.