Novel polyesteramides were synthesized by copolymerization in bulk of 5‐(4,5‐dihydro‐1,3‐oxazol‐2‐yl)‐1‐pentanol and various cyclic dicarboxylic acid anhydrides at temperatures varying between 120 and 200°C. The polymers resulting from polycondensation were characterized by means of 1H–NMR, FTIR, MALDI–TOF–MS, SEC, and DSC. The glass transition temperatures, Tg, of the copolymers were varied between −28 and +31°C as a function of the anhydride type. Molecular weights, Mw, were dependent on reaction temperature, reaction time, and anhydride type. Spectroscopic investigation of reaction products and esteramide model compounds provided evidence for imide by‐product formation, which accounts for the low degree of polymerization. © 1999 John Wiley & Sons, Inc. J Polym Sci A: Polym Chem 37: 3367–3376, 1999