Summary: Hamiltonian dynamics and a chain model are used to study the dynamics of macromolecules immersed in a solution. From the Hamiltonian of the overall system, “macromolecule + solvent,” a master and a Fokker‐Planck equation are then derived for the phase‐space distribution of the macromolecule. In the Fokker‐Planck equation, all the information about the interaction among the beads of the macromolecule as well as the effects of the surrounding solvent is described by friction tensors, which are expressed in terms of the bead‐solvent interaction and the dynamic structure factor of the solvent. To explore the influence of the bead‐solvent potential on the dynamics of macromolecules, the friction tensors are calculated for a dumbbell molecule and for three choices of the interaction (Yukawa, Born‐Mayer, and Lennard‐Jones). Expressions are derived, in particular, for the friction tensor coefficients of the center‐of‐mass and the relative coordinates of the dumbbell. For the long‐term behaviour of the internal momentum autocorrelation function, moreover, an “algebraic decay” is found, in contrast to the (unphysical) exponential decay as known from phenomenological theory.