Fluorescence measurements, involving both pyrene (as a solubilized probe) and an acenaphthenyl species (as covalently bound label), have been used to study the thermoresponsive behavior of a series of microgels based on N -isopropylacrylamide) (NIPAM). The gels all exhibit cloud points which constitute their lower critical solution temperatures (LCST). Incorporation of dimethylacrylamide (DMAC) as a hydrophilic modifier raises the LCST of the microgel. However, as the DMAC content of the gel is increased, the capacity of the nanoparticles to solubilize organic guests is reduced.Time-resolved anisotropy measurements (TRAMS) on ACE-labeled PNIPAM nanoparticles have confirmed the proposal [Hirotsu et al. J. Phys. Soc. Jpn. 1989, 58, 210; Fujishige et al. J. Phys. Chem. 1989, 93, 3311] that the rapid reversibility of the smart thermal response of such microgels involves a 2-stage mechanism. Furthermore, the TRAMS data have allowed the onset temperatures of the two distinct steps in this mechanism to be identified in dispersions containing 0.13 wt % microgel, in total. 208