Soluble copolymer was synthesized from benzene and perylene using Kovcic method. The prepared copolymer was found to be soluble in common organic solvents like chloroform, acetone, NMP etc. Structure, morphology and thermal properties of copolymer were studied by FTIR, Scanning electron microscopy (SEM) and themogravimetric analysis (TGA). Optical properties of the thin films of the copolymer show the UV-Vis spectrum peaks at 294, 429 and 450 nm. The photoluminescence emission was obtained from the copolymer at 505 and 470 nm.