A new polyorganosiloxane (POS) was synthesized successfully according to two plus two (2 + 2) mode by hydrosilylation reaction of reactive cis‐isotactic ladder‐like polyallylsilsesquioxane (Allyl‐T) with coupling agent 1,1,3,3‐tetramethyldisiloxane (H‐MM) using dicyclopentadienyl‐dichloroplatinium (Cp2PtCl2) as catalyst. Moreover, a novel supramolecular POS clathrate (POS/C) was formed by in situ encapsulating rod‐like liquid crystal molecule within the pore of POS. The Allyl‐T was prepared by stepwise coupling polymerization. A variety of characterization methods including solubility test, FT‐IR, 1H − NMR, differential scanning calorimetry (DSC) gel permeation chromatography (GPC), vapor pressure osmometry (VPO), X‐ray diffraction (XRD), atomic force microscopy (AFM), polarized optical microscopy (POM) and molecular simulation not only indicates nano‐scale tubular structures exist in the POS though some defective structures still exist, but also proves that novel soluble supramolecular clathrate has been formed. Copyright © 2001 John Wiley & Sons, Ltd.