Amphiphilic di- and tri-block copolymers of poly(methyl methacrylate) (PMMA) and poly(2-dimethylamino)ethyl methacrylate (PDMAEMA) have been synthesized by atom transfer radical polymerization (ATRP) at ambient temperature (35°C) in the environment-friendly solvent, aqueous ethanol (water 16vol%) using CuCl/o-phenanthroline as the catalyst. The PDMAEMA blocks are contaminated with ethyl methacrylate (EMA) residues to the extent of 1–2mol% of DMAEMA depending on the length of the PDMAEMA block. The EMA forms through the autocatalyzed ethanolysis of the DMAEMA monomer and undergoes random copolymerization with the latter. The rate of ethanolysis is unexpectedly greater in the aqueous ethanol than in neat ethanol, which has been attributed to the higher polarity of the former than of the latter. In contrast to the ethanolysis no hydrolysis of DMAEMA in the aqueous ethanol medium could be detected for 133h. The block copolymers form micelles in water. Their solubility and CMC in neutral water have been studied. Dynamic light scattering (DLS) studies reveal that for a fixed degree of polymerization (DP) of the PMMA block the hydrodynamic diameter of the micelles in methanolic water (water 95vol%) increases at a faster rate with the DP of the PDMAEMA block when it is much greater than that of the PMMA block compared to when it is less than or close to that of the latter.