The resin was synthesized by condensation of 2-hydroxy-4-ethoxybenzophenone with 1,4-butane diol in presence of polyphosphoric acid as a catalyst at 155• C for 10 h. The synthesized resin was used to get polychelates of 4f-block elements. The resin and its polychelates were characterized on the basis of elemental analyses, electronic spectra, magnetic susceptibilities, FTIR, NMR and thermogravimetric analyses. Morphological study of resin and polychelates were carried out by scanning electron microscope. The number average molecular weight (M n ) was determined using a vapor pressure osmometry method. The catalytic activity of selected polychelates was examined for organic synthesis. It is observed from the study that polychelates give excellent results. They were found to be efficient and effective catalysts and antimicrobial agents.