Block copolymers create various types of nano‐structures, e. g., spheres, rods, cubes, and lamellae. This review discloses the dynamic macromolecular organization of block copolymers comprising poly(L‐lactide) (PLLA) and poly(oxyethylene) (PEG) that allows to simulate elaborate biological systems. The block copolymers, AB‐ (PLLA‐PEG) and ABA‐type (PLLA‐PEG‐PLLA), are synthesized by ordinary lactide polymerization to have a controlled block length. They are dispersed into an aqueous medium to prepare nano‐scale particles, consisting of hydrophobic PLLA and hydrophilic PEG in the core and shell, respectively. Then, the particles are placed on a flat substrate by the casting method. The particles are detected as discoids by AFM, having shrunk with loss of water. Heat‐treatment of these particles at 60°C (above T_g of PLLA) gives rise to a collapse into small fragments, which then aggregate into bands with nano‐size width and thickness. The PLLA‐PEG bands align parallel to each other, while the PLLA‐PEG‐PLLA bands form a characteristic network resembling the neuron system created in animal tissue. As analyzed by TEM diffraction, each is composed of α‐crystal of PLLA whose c‐axis (molecular axis) is perpendicular to the substrate surface. Based on this fact, a doubly twisted chain structure of PLLA is proposed in addition to a plausible mechanism for the self‐organization of the block copolymers. Derivatives of the PLLA‐PEG block copolymers can form far more interesting nano‐architectures. An equimolar mixture of enantiomeric copolymers, PLLA‐PEG‐PLLA and PDLA‐PEG‐PDLA, forms a hydrogel that is thermo‐responsive. The terminal‐modified poly(L‐lactide)‐block‐polyoxyethylene monocinnamate (PLLA‐PEG‐C) forms a highly stabilized nanofiber by the photo‐reaction of the cinnamates placed in the outer layer of the nanobands.