The ring expansion of (2R′,3S′) or (2S′,3R′)‐N‐(α‐amino acyl)‐aziridine‐2‐imides and the mild hydrolysis of the resulting oxazoline‐4‐imides gives (2R,3S)‐phenylserine−leucine or (2S,3R)‐phenylserine−leucine dipeptides. In particular, the latter fragment is present in the depsipeptide antibiotic Lysobactin.