Polymeric tributylstannyl ester of silicic acid (PTBS) was demonstrated to be an effective material for the preparation of functionalized polysiloxane derivatives (2). The reaction of PTBS and monochlorosilane (1), which possessed an organofunctional group such as the acetoxy or methylmethacrylate group, proceeded readily at room temperature under neutral conditions to give 2 with the elimination of the tributyltin group. The molecular weight of 2 estimated by GPC measurement was almost the same as that of starting PTBS. Such metal-exchange reaction was applicable for the incorporation of two kinds of silyl units into polysiloxane 2 by employing these monochlorosilanes 1 at the same time in the reaction.