Linear polysiloxanes bearing 3‐chloropropyl groups pendant to the polymer chain and containing a vinyl functional group at one chain end were synthesized by anionic ring polymerizations of 2,4,6‐tri(3‐chloropropyl)‐2,4,6‐trimethylcyclotrisiloxane, 1, and 2‐(3‐chloropropyl)‐2,4,4,6,6‐pentamethylcyclotrisiloxane, 2, initiated with butyl lithium or lithium silanolate in tetrahydrofuran. The polymerizations led to high yields of polymers with narrow molecular weight distributions. The precise functionalizations of the polymers were performed by a termination method quenching the polymerization by dimethylvinylchlorosilane. Diblock copolymers AB of narrow molecular weight distribution and a high topological purity were obtained by the sequential anionic copolymerization of hexamethylcyclotrisiloxane, D3, with monomers 1 and 2.