4-Chloro-7-nitrobenzofurazan reacts by nucleophilic substitution with phenoxide anions derived from estriol (2c), ethynylestradiol (2d), phenol (3e), guaiacol (3f ), 2,6-dimethoxyphenol (3g), eugenol (3h), isoeugenol (3i), the cytostatic Etoposide (4), and Reichardt's betaine (5) in the presence of crown ethers a¬ording the corresponding 4-aryloxy-7-nitrobenzofurazan derivatives 6c, 6d, 7e { 7i, 8, and 9. The structure of these compounds was con rmed by NMR spectra. Hydrophobicity/hydrophilicity parameters were investigated by reverse phase thin-layer chromatography.