This work deals with the development of a process for the radical copolymerization of acrylonitrile and styrene in a dispersed medium. This process was carried out in a continuous stirred tank reactor, in the presence of a stabilizing agent produced in situ during the polymerization. The continuous phase is a polyol. Besides all elementary chemical mechanisms related to the copolymerization and to the synthesis and grafting of the stabilizing agent, this process involves several complex physical phenomena.