(S)-2-(Ethyl propionate)-(O-ethyl xanthate) (X1) and the newly synthesized (S)-2-(ethyl isobutyrate)-(O-ethyl xanthate) (X2) were used as the reversible addition-fragmentation chain transfer (RAFT) agents for the radical polymerization of N-vinylpyrrolidone (NVP). The former showed the better chain transfer ability in the polymerization at 60 A degrees C. Kinetics study with X1 shows the psuedo-first order kinetics upto 45% monomer conversion. Molecular weight (M (n)) of the resulted polymer increases linearly with increase in the monomer conversion upto around 45%. Polydispersity of the corresponding poly(NVP)s increase gradually from 1.2 to 1.9 with increase in the monomer conversion. Chain-end analysis of the resulted polymer by H-1 NMR shows clearly that polymerization started with radical forming out of xanthate mediator. Living nature of the polymerization was confirmed from the successful homo chain extension experiment and also the hetero-chain extension experiment involving synthesis of poly(NVP)-b-polystyrene amphiphilic diblock copolymer.