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The invention relates to a process for preparing a melt-processable polylactam by contacting caprolactam monomer with an anionic polymerization catalyst, polymerizing said monomer and contacting the resulting polylactam with a protic compound. The anionic polymerization catalyst is chosen from the group of alkali-earth-metal-lactamates and alkali-earth-metal-lactamate forming compounds and the protic compound has a pKa larger than 14. The resulting polylactam has a good melt-stability and very low cyclic dimer content.