Cp* 2 Nd(BH 4 )(THF) (1) (Cp* = C 5 Me 5 ) has been readily obtained in one step from Nd(BH 4 ) 3 (THF) 3 and fully characterized by 1 H NMR, IR spectroscopy, and elemental analysis. Its X-Ray structure displays a neutral monomeric complex, bearing one slightly distorted terminal BH 4group. Associated to nBuEtMg, 1 affords a highly active catalyst for ethylene polymerisation, the first one prepared from a borohydrido organolanthanide pre-catalyst. In the same experimental conditions, the catalytic behaviour of 1 is similar to that of previously described Cp* 2 NdCl 2 Li(Et 2 O) 2 (2). The 1/nBuEtMg system is not deactivated even in the presence of large excesses of THF. In contrast to its chloro homologue 2, the addition of 1 equivalent of nBuEtMg to 1 affords a catalyst for a trans-selective polymerisation of isoprene.2