The interactions between surfactants and polymers are widely investigated due to favorable changes on properties in their mixtures. Silicone surfactants and pluronic copolymers, both having low toxicity, are used in the detergent, cosmetics, medical, and pharmaceutical fields. Their mixture may gain better performance in their further applications. Therefore, we investigated the interaction between an ethoxy-modified trisiloxane (a silicone surfactant named Ag-64) and a block polyether F127 in this paper. From aggregation behavior of Ag-64 and F127, the formation mechanism and conformation of the aggregates were proposed based on experiments and dissipative particle dynamics (DPD) simulation. The surface activity and aggregation behavior of Ag-64 are affected by F127 in aqueous solutions. As the amounts of added Ag-64 increase, two types of aggregates (Ag-64/F127 aggregate with F127 as skeleton and the "pearl-necklace" aggregate in which Ag-64 micelles are strung along F127 chain) form successively. At higher polymer concentration, F127 twists together to form a coil/cluster aggregate with Ag-64. The results of DPD simulation approve that two main factors, the hydrophobic association and twist of F127 coil, contribute to the formation of different aggregates of Ag-64 and F127.