The anionic living-equilibrium polymerization (ALEP) of (p-isopropenylphenethyl)poly(α-methylstyrene) macromonomer (PMStM) was studied: PMStM was simultaneously purified and initiated above a ceiling temperature (T c) and then propagated below T c. Three PMStMs (M n =1.77x10 3 , 3.65x10 3 , and 5.36x10 3) were prepared by the coupling of poly(α-methylstyryllithium) with p-isopropenylphenethyl chloride, and were polymerized to produce polymacromonomers, (PMSt) m (m = 9.5, 4.1, and 3.5) by n-BuLi in d 8-THF at temperatures below-10°C under high vacuum via ALEP. From kinetic studies using an 1 H NMR technique, the propagation rate constant (0.240, 0.110, and 0.079 l mol-1 s-1) at-78°C was found to be proportional to a reciprocal of M n of PMStM, and its M n dependence was discussed based on a simple diffusion-controlled theory. The thermodynamic characteristics of ΔH MSt (-7.48,-6.73, and-3.82 kJ mol-1) and ΔS MSt (-26.8,-24.1, and-13.7 J mol-1 K-1) were determined from a kinetic analysis, and their M n dependence was also discussed. The T C values for the three PMStM, including α-methylstyrene, were found to be the same (6.0°C).