A novel catalytic dehydrocoupling route for the synthesis of linear, cyclic, and polymeric phosphinoboranes has been developed. The dehydrocoupling of neat Ph 2 PH‚BH 3 , which is otherwise very slow below 170 °C, is catalyzed by [{Rh(µ-Cl)(1,5-cod)} 2 ] or [Rh(1,5-cod) 2 ][OTf] (0.5-1 mol % Rh) to give the linear compound Ph 2 PH-BH 2 -PPh 2 -BH 3 (1) at 90 °C, and a mixture of the cyclic trimer [Ph 2 P-BH 2 ] 3 (2a) and tetramer [Ph 2 P-BH 2 ] 4 (2b) at 120 °C. In addition, the catalytic potential of other (e.g., Ti, Ru, Rh, Ir, Pd, Pt) complexes toward the dehydrocoupling of Ph 2 PH‚BH 3 was investigated and was in many cases demonstrated. The molecular structures of 1 and 2b, and of the primary phosphine-borane adduct PhPH 2 ‚ BH 3 , were determined by single-crystal X-ray analysis. The dehydrogenative coupling of PhPH 2 ‚BH 3 gave low-molecular-weight poly(phenylphosphinoborane) [PhPH-BH 2 ] n (3) when performed in toluene (110 °C) with ca. 0.5 mol % [Rh(1,5-cod) 2 ][OTf] as catalyst. The absolute weight-average molecular weight was determined by static light scattering (SLS) in THF which showed that M w ) 5600. Samples of high-molecularweight polymer 3 (M w ) 31 000 or 33 300 by SLS) were synthesized using neat conditions at 90-130 °C in the presence of [{Rh(µ-Cl)(1,5-cod)} 2 ], anhydrous RhCl 3 , or RhCl 3 hydrate (ca. 1 mol % Rh). Poly-(phosphinoborane) 3 was thereby obtained in ca. 75% yield as an air-stable, off-white solid and was structurally characterized by 1 H, 11 B, 13 C, and 31 P NMR and IR spectroscopy and elemental analysis. The hydrodynamic diameters for polymers 3 in THF were also determined by dynamic light scattering (DLS). Catalytic dehydrocoupling of the alkyl-substituted phosphine-borane adduct iBuPH 2 ‚BH 3 was also investigated and was found to be much slower than that of PhPH 2 ‚BH 3 . This produced poly(isobutylphosphinoborane) [iBuPH-BH 2 ] n (4) under neat conditions at 120 °C in the presence of [{Rh(µ-Cl)(1,5-cod)} 2 ] in 80% yield. Multinuclear NMR spectroscopy and DLS were also used to characterize polymer 4, and the latter indicated that M w ) ca. 10 000-20 000. Prolonged heating of polymers 3 and 4 at elevated temperatures in the presence of catalyst led to insoluble but solvent-swellable gels possibly due to light interchain cross-linking through P-B bonds. In the absence of rhodium catalyst thermally induced dehydrocoupling of PhPH 2 ‚BH 3 and iBuPH 2 ‚BH 3 proceeds very slowly and forms only low-molecular-weight materials with complex NMR spectra and which probably possess a branched structure.