This paper describes the synthesis of polymerizable and amphiphilic porphyrins, 5,10,15,20tetrakis[a,a,a,a-o-(ra-[((4"-carboxybutadienyl)carbonyl)oxy]-2',2'-dimethylalkanamido)phenyl]porphyrin (1) and 5,10,15,20-tetrakis[a,a,a,a-o-(n-[((2"-carboxypropenyl)carbonyl)oxy]-2',2'-dimethylalkanamido)phenyl]porphyrin (2), and their copolymers with l,2-bis(2',4'-octadecadienoyl)-sn-glycero-3-phosphocholine. 1, 2, and their (porphinato)iron derivatives have high compatibility with phospholipids and are efficiently copolymerized with the polymerizable phospholipid in a liposome state to give polymerized liposomes covalently containing the porphyrin residues. The oxygen-binding property of the copolymerized (porphinato) iron liposome is also described in comparison with that of a red blood cell.