alpha,omega-Amine terminated organofunctional polydimethylsiloxane (PDMS) was condensed with 4,4’-azobis-4-cyanopentanoyl chloride (ACPC) to prepare macroazoinitiators containing siloxane units. Interfacial polycondensation reaction at room temperature was applied : ACPC was slightly dissolved in carbon tetrachloride and it was poured on aqueous NaOH solution of PDMS. Block copolymers containing PDMS as a block segment combined with polystyrene (PS) have been derived by the polymerization of styrene monomer initiated by these macroazoinitiators. PS-b-PDMS block copolymers were characterized by using nuclear magnetic resonance and infrared spectroscopy. Thermal and mechanical properties of the block copolymers were studied by using thermogravimetric analysis, differential scanning calorimetry, and a Tensilon stress-strain instrument. The morphology of block copolymers was investigated by scanning electron microscopy. PDMS-g-polybutadiene (PBd) graft copolymers were also prepared by reaction of PBd with the above macroazoinitiator. Increase in the amount of macroazoinitiator in the mixture of PBd (52% w/w) leads to the formation of crosslinked graft copolymers. Molecular weights of soluble graft copolymer samples were between 450 and 600 K with a polydispersity of 2.0-2.3.