A new approach based on a conjugated polymer/block copolymer guest/host system for the generation of polarized photoluminescence is reported. Synthetic modification of a poly(p-phenylene-ethynylene) (PPE) conjugated polymer is used for domain-specific incorporation into a cylindrical morphology block copolymer host matrix. Subsequent ordering of the host nanostructure via roll cast processing templates uniaxial alignment of the guest PPE. The ordered films are optically anisotropic displaying both polarized absorption with a dichroic ratio of 3.0 at 440 nm and polarized emission with a polarization ratio of 7.3 at 472 nm.