Templating polymerizations in surfactant phases have proved versatile approaches in polymer chemistry to access novel materials possessing order on the nanometer scale. [1,2] The concept is to direct the growth of either organic or inorganic polymer material into the desired preestablished structure of a given surfactant phase. Vesicles, among many other surfactant phases, have attracted considerable interest during the last years as particularly attractive templating phases.[3±10] The polymerization in vesicles comprises the free-radical polymerization of small oil-soluble monomers which are solubilized within the hydrophobic part of a vesicle matrix built by non-functional lipids. Currently, two different types of morphologies are reported to result from polymerization in vesicles: Closed spherical polymer shells and so-called parachute-like morphologies. Polymer shell structures are claimed by several research groups for diverse vesicle and polymer combinations. [3±8] In contrast, we have previously found that the polymerization of styrene in dioctadecyldimethylammonium bromide (DODAB) vesicles results in parachute-like morphologies [9] due to complete phase separation between the polymer and the vesicle-bilayer matrix. Additionally, we were able to demonstrate that the phase separation phenomenon in this particular system (DODAB vesicles and polystyrene) is largely independent of process parameters like the molecular weight of the polymer, the initiating chemistry and the polymerization temperature.[11] It could, however, be argued that the expected morphology of polymerization reactions in vesicles would depend on the mutual miscibility of monomer/polymer and surfactant matrix. [3] To investigate the relationship between the chosen surfactant/polymer combination, the applied reaction conditions and the final vesicle±polymer morphology, we performed the present study using a wide variety of polymers and surfactants. The vesicle±polymer products are analyzed by cryo-transmission electron microscopy (cryo-TEM), which proved a powerful tool to study these structures since it visualizes ultra-structural details of both the polymer and the vesicle. [9] On the basis of our results, we conclude that the nanoscopic phase separation between surfactant matrix and polymer generally occurs for all common surfactant/polymer combinations. The individual morphology, however, depends on the specific interplay between vesicle-matrix and polymer. Finally, exploiting this knowledge, we present here constructive guidelines for the synthesis of novel vesicle±polymer hybrid architectures. In a first set of experiments, we kept the vesicle-forming amphiphile (DODAB) constant and varied the monomer(s). We have earlier described that the polymerization of styrene in DODAB vesicles leads either to the so-called parachute or to the related Matrioshka architecture, depending on the initiator type. Assuming in the first place that the polymer separates from the bilayer matrix by polymer diffusion, one could attempt to immobilize the pol...