Furazan (1,2,5‐oxadiazole) derivatives are obtained along with isoxazolines from the reaction of benzoylnitromethane with dipolarophiles in the presence of DABCO. Furazans are shown to derive from the intermediate dibenzoylfuroxan (3,4‐dibenzoyl‐1,2,5‐oxadiazole‐5‐oxide) and dipolarophiles under hydrolytic conditions. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2006)