Aluminum benzyl alcoholate bis(2,6‐di‐tert‐butyl‐4‐methylphenolate) (BnOAD), which was prepared through the mixing of equimolar amounts of benzyl alcohol and methylaluminum bis(2,6‐di‐tert‐butyl‐4‐methylphenolate) (MAD), successfully polymerized four‐membered cyclic ethers in a coordinate anionic ring‐opening manner. The polymerization of 3‐(4‐bromobutoxymethyl)‐3‐methyloxetane (OxBr) with 5 mol % BnOAD proceeded slowly in toluene at 25 °C and produced sufficiently high‐molecular‐weight poly(OxBr) in a moderate yield in 24 h. The polymerization was greatly accelerated by the addition of a sterically hindered Lewis acid such as MAD, and this resulted in a nearly quantitative polymer yield within 24 h. In sharp contrast, conventional cationic polymerization with boron trifluoride etherate as a typical Lewis acid initiator produced low‐molecular‐weight poly(OxBr) along with a substantial amount of the cyclic tetramer. The polymerization of the simplest unsubstituted oxetane with BnOAD resulted in failure. © 2004 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 42: 4570–4579, 2004