This paper describes the synthesis of amphiphilic pseudo-semi-interpenetrating polymer networks (pseudo-semi-IPNs) containing linear poly(styrene) and poly(ethylene glycol) (PEG) cross-linked through monodendritic fragments. A unique feature of the synthetic strategy is the permanent attachment of the linear segment to the PEG network by a transesterification reaction between the hydroxyl groups at both ends of the PEG and peripheral ethyl ester moieties in the monodendron portion of a linear poly(styrene)dendritic poly(benzyl ether) AB block copolymer. The proceeding of the reaction is monitored by H-1 NMR and size exclusion chromatography (SEC). The formation of an interlock structure between the linear block and the network matrix in the pseudo-semi-IPN is evidenced by the results from spectroscopic analyses and differential scanning calorimetry measurements. The accessibility of functional centers in the grafted semi-IPN is confirmed by model reactions with fluorescent markers, fluorescence spectroscopy, and NMR techniques and shows the potential of these novel materials as sequestering reagents for resin capture-release applications in parallel synthesis, combinatorial chemistry, and advanced drug design.