Semiconducting polymers are attracting signifi cant interest due to their tunable optical and electrical properties and processing advantages for the realization of light-emitting devices (e.g., light-emitting diodes (LEDs) [ 1 ] or light-emitting electrochemical cells (LECs) [2][3][4] ), photovoltaics, [ 5 ] fi eld-effect transistors, [ 6 ] and plastic lasers. [ 7 ] Light-emitting applications in particular can benefi t from control or suppression of secondary interactions between the macromolecular strands. Such control is achieved, for example, in conjugated polyrotaxanes: [8][9][10][11] semiconducting polymers are threaded through cyclodextrin (CD) macrocycles, which are then stoppered by bulky steric endgroups on each macromolecule. [ 12 , 13 ] By imposing an increased intermolecular distance between the conjugated cores, cyclodextrins effectively suppress both formation of interchain species, such as π -π stacks and H-aggregates, [ 14 ] and intermolecular energy transfer. We recently showed that organic-solvent-soluble, conjugated rotaxanes can be blended with other non-rotaxinated semiconductors to fabricate whiteemitting LEDs. [ 15 ] Intriguingly, suppressed exciton dissociation and polaron formation in rotaxanes can be synergistically exploited with suppression of energy transfer to yield ultrabroadband all-plastic optical amplifi ers by exploitation of the spectrally distinct gain bands of the individual polymers. [ 16 ] More generally, rotaxanes provide unique model systems for the investigation of intermolecular interactions in macromolecular materials. [ 8 , 9 ] In view of the increased rigidity of the chains upon rotaxination, the question arises as to whether it might be possible to align the molecules to achieve polarized emission. However, the solution processing techniques typically used in polymer electronics produce fi lms with chain orientations that are nearly isotropically distributed within the plane of the fi lm (although essentially horizontal within the plane). It is therefore diffi cult to exploit the intrinsic anisotropy of electronic states of the conjugated strands to achieve polarized emission or absorption when using such techniques. Instead, possible ways for achieving anisotropic optical and electronic properties are through orientation of the macromolecules assisted by mechanical rubbing, [ 17 , 18 ] nanoimprinting, [ 19 , 20 ] photoalignment, [ 21 ] and tensile drawing. [22][23][24] Here, we present the optical properties of highly oriented fi lms obtained by tensile drawing of a stretchable polyvinyl alcohol (PVA) matrix. Aligned fi lms were produced by drop-casting an aqueous solution of PVA (99.5% in weight, M w = 72 000 g mol − 1 ) and poly(4,4'-diphenylene vinylene) (PDV.Li, 0.5% in weight, molecular structure in Figure 1 , M w = 13 400 g mol − 1 for n = 10, where n is the number of repeat units) or the rotaxinated analogue (PDV.Li⊂ β -CD), which are polyelectrolytic derivatives of poly-para -phenylenevinylene where sulfonated side groups balanced by Li + ions ensu...