A series of (allenylidene)iridium(I) complexes of general composition trans-[IrX{dCdCd C(Ph)R}(PiPr 3 ) 2 ] [X ) Br ( 5), I (6), NCO (7, 8), NCS (9, 10), OH (11, 12), N 3 (13, 14)] was prepared from the corresponding chloro derivatives trans-[IrCl{dCdCdC(Ph)R}(PiPr 3 ) 2 ] (3, 4) by salt metathesis. An X-ray crystal structure analysis of 4 (R ) Ph) confirmed the almost linear arrangement of the Ir-C-C-C chain. The azido compounds 13 (R ) Ph) and 14 (R ) tBu) react with CO by migratory insertion of the allenylidene ligand into the Ir-N 3 bond. While the product trans-[Ir{C≡C-CR(Ph)N 3 }(CO)(PiPr 3 ) 2 ] with R ) tBu ( 16) is thermally stable, the related complex with R ) Ph ( 15) rearranges slowly in benzene to the metalated acrylonitrile derivative trans-[Ir{C(CN)dCPh 2 }(CO)(PiPr 3 ) 2 ] (17) by elimination of N 2 . Treatment of the phenolato compound trans-[Ir(OPh){dCdCdC(Ph)tBu}(PiPr 3 ) 2 ] (19), obtained from the analogous hydroxo derivative 12 and phenol, with CO also proceeds by migratory insertion and affords the functionalized (alkynyl)iridium(I) complex trans-[Ir{Ct C-CtBu(Ph)OPh}(CO)(PiPr 3 ) 2 ] (20) in excellent yield. The Lewis basicity of the hydroxo compounds 11 and 12 was also illustrated by the reactions with CF 3 CO 2 H, NEt 3 ‚3HF, and [pyH]BF 4 , which gave the substitution products trans-[Ir(κ 1 -O 2 CCF 3 ){dCdCdC(Ph)tBu}-(PiPr 3 ) 2 ] (21), trans-[IrF(dCdCdCPh 2 )(PiPr 3 ) 2 ] (22), and trans-[Ir{dCdCdC(Ph)tBu}(py)-(PiPr 3 ) 2 ]BF 4 (23), respectively. In methanol solution, both 11 and 12 react by complete fragmentation of 1 equiv of CH 3 OH to afford the octahedral (allenyl)dihydridoiridium(III) complexes [IrH 2 {CHdCdC(Ph)R}(CO)(PiPr 3 ) 2 ] (24, 25). An unprecedented type of insertion reaction occurs by treating the hydroxo derivatives 11 and 12 with an excess of 1-alkynes R′CtCH (R′ ) Ph, CO 2 Me), which leads to the formation of the novel five-coordinate iridium-(III) compounds [Ir(CtCR′) 2 {η 1 -(E)-CHdCR′-CHdCdC(Ph)R}(PiPr 3 ) 2 ] (26-29). From 26, 27 (R′ ) Ph), and CO, the octahedral 1:1 adducts 30 and 31 are formed. The molecular structures of 22 and 26 have been determined by X-ray crystallography.