Copolymerization of glycolide and e-caprolactone was conducted in bulk at 100 °C and in nitrobenzene or dioxane at 70,100, or 150 °C. The resulting copolyesters were characterized with respect to their molar composition by means of NMR spectra and with respect to their sequences by means of 13C NMR spectra. The results allow a classification of both copolyesters and initiators. Cationic initiators such as ferric chloride, boron trifluoride, and fluorosulfonic acid favor the incorporation of e-caprolactone, catalyze intermolecular transesterifications, and cause rapid degradation of the polyesters above 100 °C.Complexing catalysts such as zinc chloride, aluminum isopropylate, and dibutyltin dimethylate favor the incorporation of glycolide and chemical heterogeneity of first order. Furthermore, intramolecular transesterification was detected in the case of aluminum isopropylate and dibutyltin dimethylate. Anionic catalysts such as tetramethylammonium benzoate and benzyltriphenylphosphonium chloride only initiate the homopolymerization of glycolide. The polymerization mechanisms are discussed. The differential scanning calorimetry shows a close relationship between crystallinity and nature of sequences.