A phosphino-based mapropyl copolymer containing fluorescent group and its production are disclosed. The process is carried out by taking 4-bromine-1,8-naphthalic anhydride, glacial acetic acid and N, N-dimethyl-ethylenediamine as raw materials to obtain 4-bromine-N-(2-N,, N,-dimethylbenzidine-ethyl)naphthalimide, reacting it with sodium methoxide to induce methoxy-group to obtain 4-methoxy-N-(2-N,, N,- dimethylbenzidine-ethyl)naphthalimide, reacting it with allyl chloride to obtain fluorescent monomer 4-methoxy-N-(2-N,, N,- dimethylbenzidine-ethyl)naphthalimide allyl ammonia chloride with fluorescent characteristic and double-bond, polymerizing it with sub-sodium phosphate, maleic anhydride, acroleic acid and propenyl-sodium sulfate to obtain the final product. It has fluorescent tracting, corrosion-inhibting, scale-inhibiting and dispersion functions.