The preparation of new 1,2‐unsymmetrically substituted fused‐ring indenes from dialkenyl precursors by utilization of the ruthenium‐catalyzed ring‐closing metathesis is described. By analogous strategy, 1,3‐substituted fused‐ring indenes with medium‐ring sizes have also been synthesized. For bis(allylsilyl)indene, the formation of a 1,3‐fused ringappears to be prevented by ring strain and a 1,1‐spiro compound is obtained instead due to rearrangement of the substituents. The rearrangement is enabled by the [1,5]‐silatropic shifts operating in silyl‐substituted cyclopentadienyl compounds. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2006)