Substituted polyacetylenes have recently attracted much attention due to their electrical conduction 1 -3 and photo conduction 4 based on their n-conjugation along the main chain. Recently there arises the possibility of unique magnetic interaction for polyacetylenes carrying stable radical substituents 5 • 6 and several model compounds have been reported. 7 -9 The electronic structure of main chain is quite important for discussing the magnetism of these polyradical macromolecules such as 2b and 3b (Scheme 1) because magnetic interaction is expected to occur through the n-conjugated main chain. While the existence of nconjugation along the main chain with alternating single and double bonds in some substituted polyacetylenes is demonstrated by UV/VIS spectroscopy/ 0 -12 detailed investigation using other spectroscopy has not beenx=H performed yet. Ultraviolet Photo Electron Spectroscopy (UPS) is suitable for a detailed study of the uppermost part of the valence states of organic polymers, which is most important in discussing the electronic properties of them.In this communication, we report on the correlation between UV /VIS absorption and ionization threshold (rh) from UPS and on the effect of substituents of phenyl ring. While the UPS spectroscopy was applied to many organic polymers 14 including unsubstituted polyacetylene, there is no report on substituted polyacetylenes as yet.Poly[(3,5-di-tert-butyl-4-hydroxyphenyl) acetylene] (2a) and poly(p-ethynylphenylhydrogalvinoxyl) (3a) are prepared as described in ref 7 and 8, respectively. These polymers were carefully oxidized with freshly prepared