Poly[1-(cholesteryloxyhexyloxy)ethylene] (PHET) and poly [1-(cholesteryloxycarbonyl-hexyloxy)ethylene] (PHES) were prepared by reacting poly(vinyl alcohol) with cholesteryloxyhexyloxy bromides (CHB) or cholesteryloxycarbonylhexyloxy bromides (CEHB), and their thermal and optical properties were investigated. PHET and PHES exhibited monotropic cholesteric phases; however, their thermal behaviours depended on the cholesteryl groups and alkylene spacers with different chemical structures. PHET did not display reflection colours over its entire cholesteric range, whereas PHES did display reflection colours. These results suggested that the thermal stability and helical twisting power (HTP) of these polymers strongly depend on the difference in the chemical structures of the flexible spacer via cholesterol. The mesophase properties of PHET and PHES differed substantially from those of poly(cholesteryl-ω-acryloyloxyalkanoates). The results indicate that the mode of chemical linkage between the side-chain group and the main chain as well as that between the alkylene spacer and side chain play important roles in determining the thermal stability, mesophorphic structure and HTP of the cholesteric mesophases.