Poly(2‐hydro‐2‐oxo‐1,3,2‐dioxaphosphorinane) was quantitatively chlorinated, and the resulting polymer was reacted with excess of imidazole, giving the highly reactive polyesteramide. This polymer, treated with N1‐hydroxyethyluracil, gave polyphosphates with N1‐oxoethyleneuracil in the side chains. The final polymers (M̄n ≈ 104) as well as the intermediate products were characterized by 1H‐, 13C‐ and 31P‐NMR spectroscopy.