We report first the complete study of the reactions of [CpMo(CO)2]2 (Mo≡Mo) (1, Cp = η5-C5H5) with salt-free phosphorus ylides Ph3P=CHR (2, Ph = C6H5; R = H (2a), CH3 (2b), C3H7 (2c), C6H5 (2d)) and with the Nal-adducts of the ylides Ph3P=CMe2 (Me = CH3), PhMe2P=CH2 and (PhO)3P=CH2. With 2, products of the type Cp(CO)2LMo-MoL(CO)2Cp (7, L = ylide) were obtained, and the salt adducts gave addition compounds of the type Cp(CO)2LMo-MoL(CO)2Cp-2NaI (12, L = ylide). These very reactive products represent novel bisphosphonioalkyl complexes, and were characterized by IR, mass and 1H NMR spectrometry. The reaction of 1 with hexaphenylcarbodiphosphorane, C(PPh3)2, leads to a novel double addition product, Cp2Mo2(CO)4[C(PPh3)2]2 (14). Some reactions of compounds 7, 12 and 14 were also studied; 7d (L = CHPh -PPh3) reacts with NaNH2 yielding ammonia and the disodium salt of the novel dianionic complex [CpMo(CO)2(CPh-PPh3)]22- (15); 7a (L = CH2-PPh3) reacts with CH3I forming CpMo(CO)3CH3 and traces of CpMo(CO)2(PPh3)I; all compounds of types 7,12 and 14 react with adsorbents (Silica-gel, Al2O3, etc.); thus chromatography is impossible, even under strict protection from air and humidity. A study of the processes occurring during chromatography under various conditions and the resulting products are also reported and discussed. [CpW(CO)3]2 (18) reacts with 2a forming also a bisphosphonioalkyl complex [CpW(CO)2L]2(L = CH2=PPh3); in this case, the ylide substitutes two carbonyl groups in 18. The compounds [Cp*M(CO)2]2 (M≡M) (Cp* = C5Me5 ; M = Cr, W) apparently do not react with phosphorous ylides; the corresponding Mo compound, [Cp*Mo(CO)2]2 , does react, but only the new mono-nuclear complex Cp*Mo(CO)2(PPh3)Cl (22) could be isolated.