Dimethylaluminum complexes bearing bidentate amidate, oxypyridine, and salicylaldimine N,O‐ligands and tridentate N,N′,N″‐pyridyliminoamide ligands were synthesized and spectroscopically characterized. The complexes were investigated in both neutral and borane‐activated cationic forms, along with bidentate N,N′‐ligated aluminum amidinates, as catalysts for the polymerization of methyl methacrylate, ϵ‐caprolactone, and propylene oxide. The neutral complexes generally did not carry out polymerization, but the polymerization/oligomerization of all three monomers was achieved when the various catalysts were activated with B(C6F5)3 or [Ph3C]+[B(C6F5)4]−. The N,O‐ligated cations were much less active for polymerization than the analogous, more stable N,N′‐ligated amidinate cations; both types of cationic complexes catalyzed the ring‐opening cationic polymerization of tetrahydrofuran. B(C6F5)3 and [Ph3C]+[B(C6F5)4]− also independently carried out the oligomerization of propylene oxide. © 2002 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 40: 1633–1651, 2002