The fluorescence characteristics of copolymers of styrene-maleic anhydride(PSMAn), styrene-maleic acid (PSMA), and PSMA complexed with $Eu^{3+}$ (PSMA-Eu) in tetrahydrofuran were studied. The excimer of PSMA and PSMA-Eu with 75% mole fraction of styrene appears to have larger binding energy than that with 50% or 67% styrene. The ratio of excimer to monomer intensities showed little change with the increase of styrene concentration up to $8.0{ imes}10^{-3}M$, indicating the excimer formation is due to intramolecular process. Three existing mechanisms for intramolecular excimer formation are considered inadequate to explain the observed behavior. The quenching of excimer intensity by benzyl-acetate, mesitylene, and $CCl_4$ is interpreted in terms of the molar volume of quencher.