Polymers of substituted norbornenes were produced using palladium catalysts in the presence of formic acid (FA) as a chain transfer agent (CTA) which act to control molecular weight as well as to increase conversion. Spectroscopic analysis of these polymers by 1 H NMR and MALDI-TOF MS confirmed that hydrogen-terminated polynorbornenes are generated leading to extremely low optical densities at 193 nm. Deuterium labeling studies were conducted in order to discern possible chain transfer mechanisms.