Two high molecular weight linear polyesters were investigated to gain insight in how the photophysics of electron donor-(-spacer)-electron acceptor (DA) compounds are affected by incorporation into a polymer. They were prepared by condensation of either adipoyl or sebacoyl chloride with a diol that was functionalized with an N,N-dialkylaniline donor, a cyclohexyl type -spacer, and a 1,1-dicyanovinyl acceptor. The solubility, which is very low, and the thermal properties of the polyesters are dictated by physical crosslinking as a consequence of interchain donor-acceptor interactions. Charge transfer (CT) absorption and emission are observed, which involve CT between DA moieties of different chains rather than CT processes within a single DA unit. As a result, the photophysics of the DA units in the polyesters differs strongly from that of similar DA compounds in solution. Upon swelling the polymers with THF, the CT fluorescence disappears partly. Analogous polymers containing only an N,N-dialkylaniline donor display dual fluorescence; one band reflects local emission, while the other is attributed to excimer emission.