Di metal cyanide (DMC) catalyzed living polymerization is characterized by a) the “catch‐up” kinetics with a length dependent propagation rate constant (n: chain length), favoring the growth of small molecules and b) segmental growth caused by the repeated attachment and detachment of a growing end to a catalyst site. Whereas the inverse square law reduces polydispersity, growth in segments increases it. Analytic expressions of “catch‐up” molecular weight distributions (MWD) are given for , and . To include segments, the theory originally developed for quasi living polymerizations is generalized to arbitrary distributions for the number of segments as well as the MWD of the segments themselves. General simple relationships allow calculating the moments of composite distributions in terms of the moments of the underlying distributions.