Novel optically active substituted acetylenes HC CCH2CR1(CO2CH3)NHR2 [(S)‐/(R)‐1: R1 = H, R2 = Boc, (S)‐2: R1 = CH3, R2 = Boc, (S)‐3: R1 = H, R2 = Fmoc, (S)‐4: R1 = CH3, R2 = Fmoc (Boc = tert‐butoxycarbonyl, Fmoc = 9‐fluorenylmethoxycarbonyl)] were synthesized from α‐propargylglycine and α‐propargylalanine, and polymerized with a rhodium catalyst to provide the polymers with number‐average molecular weights of 2400–38,900 in good yields. Polarimetric, circular dichroism (CD), and UV–vis spectroscopic analyses indicated that poly[(S)‐1], poly[(R)‐1], and poly[(S)‐4] formed predominantly one‐handed helical structures both in polar and nonpolar solvents. Poly[(S)‐1a] carrying unprotected carboxy groups was obtained by alkaline hydrolysis of poly[(S)‐1], and poly[(S)‐4b] carrying unprotected amino groups was obtained by removal of Fmoc groups of poly[(S)‐4] using piperidine. Poly[(S)‐1a] and poly[(S)‐4b] also exhibited clear CD signals, which were different from those of the precursors, poly[(S)‐1] and poly[(S)‐4]. The solution‐state IR measurement revealed the presence of intramolecular hydrogen bonding between the carbamate groups of poly[(S)‐1] and poly[(S)‐1a]. The plus CD signal of poly[(S)‐1a] turned into minus one on addition of alkali hydroxides and tetrabutylammonium fluoride, accompanying the red‐shift of λmax. The degree of λmax shift became large as the size of cation of the additive. © 2012 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem, 2012