EMA-co-DAMA were synthesized from 2-diethylaminoethyl metacrylate and ethylhexyl metacrylate in acrylmonomer. To facilitate water emulsification, acrylic copolymer was cationized by acetic acid to produce acetated acrylic copolymer. The structures of the synthesized copolymer and acetated copolymers were confirmed by IR, NMR, and molecular weight was measure by GPC, and C.H.N elemental analysis. Acetated acrylic copolymers were perfectly emulsified in water and showed increased emulsion stability. Polymer dispersion for cement modifier[(PDCM-PED) water proof agent of cement for concrete in building construction] was prepared by blending of the guaternized acrylic copolymer syndisized above, sodium silicate, sodium gluconate and oleic acid emulsion. The result with prepared polymer dispersion of cement modifier was examined, and it was found that excellent waterprooffing effect ; Water permeability ratio is 0.50 under the water pressure of $100g/cm^2$ and 0.60 under $3kg/cm^2$, and water absorption ratio is $0.42{sim}0.50$ and $1.0{sim}1.02$ compressive strength ratio at mixed of water/PDCM-PED is 50 times.