The present invention relates to novel polyether polyols containing pendant amine group and to a process for their preparation. These polyether polyols have molecular weights of from about 105 to about 35,000, and contain at least one terminal hydroxyl group and at least one pendant amine group. The process for their preparation comprises reacting a compound containing from 1 to 10 hydroxyl groups and a molecular weight of about 32 to about 15,000 with at least one epoxide which contains one or more halogen atoms, in the presence of one or more DMC catalysts, to form an intermediate polyether polyol which contains halogenated carbon atoms; then reacting this intermediate polyether polyol with an amine group containing compound having from 1 to 3 primary, secondary and/or tertiary amine groups.