Herein a further step towards self‐assembly of polymers exhibiting a lower critical solution temperature (LCST) effect is presented. Ring opening metathesis polymerization has been chosen as polymerization method because of its high functional group tolerance, the reliability and the capability to synthesize different polymer architectures such as self‐assembling block copolymers, which currently gain much attention in nanotechnology, electronics, and biomedical applications. In a first step, the polymerization behavior of oligo(ethylene glycol) monoalkyl ether [HO(CH2CH2O)nR, n = 2, 3 and 5–9, R = Et or Me] substituted norbornene derivatives with [(H2IMes) (py)Cl2Ru(3‐phenyl‐indenylid‐1‐ene)] (H2IMes = N,N‐bis(mesityl) 4,5‐dihydroimidazol‐2‐yl, py = pyridine) was assessed. While monomers bearing short oligo(ethylene glycol)monoalkyl ether groups (n = 2 or 3) allowed for controlled polymerization, the monomers featuring long oligo(ethylene glycol)monoalkyl ether groups could not be polymerized in a controlled manner. Only polymers prepared from endo,exo‐bicyclo[2.2.1]hept‐5‐ene‐2,3‐dicarboxylic acid, bis[2‐[2‐(2‐ethoxyethoxy)ethoxy]ethyl] ester (2) showed satisfactory water solubility and a LCST of about 25 °C. This temperature is largely independent from the molecular weight and the macromolecular architecture of the polymers as it was revealed from determination of the LCST of a series of statistic and block copolymers incorporating less‐polar comonomers. The molecular weight affects the complete transition value (ΔT), which is rising with increasing degree of polymerization. ΔT values smaller than 1 °C can be obtained with statistic copolymers of 2 with less polar monomers like endo,exo‐bicyclo[2.2.1]hept‐5‐ene‐2,3‐dicarboxylic acid dimethyl ester. © 2010 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 48: 2098–2108, 2010