Reaction of [Rh(μ‐OtBu)(diene)]2 [diene = 1,5‐cyclooctadiene (COD) or bicyclo[2.2.1]hepta‐2,5‐diene (NBD)] with the oxazolinylcarbene ligand precursor 2‐(4,4‐dimethyl)oxazolinylimidazolium bromide (“Me2carboxH+Br−”, 2) yielded the five‐coordinate complexes [RhBr(Me2carbox)(diene)] [diene = COD (3), NBD (4)]. Single‐crystal X‐ray structure analyses established a distorted trigonal bipyramidal configuration for 3, whereas the molecular structure of 4 is distorted square pyramidal. The dynamic properties of these five‐coordinate complexes have been investigated by variable temperature 1H NMR spectroscopy, indicating polytopal rearrangements of the five‐coordinate complexes. The two compounds were converted into the square‐planar cationic complexes [Rh(Me2carbox)(diene)]+ (5 and 6, respectively), which have been isolated and fully characterised. The rhodium complex [RhBr(Me2carbox)(CO)] (7) was obtained in high yield in a one‐step reaction of the ligand precursor 2 and [Rh(acac)(CO)2] (acac = acetylacetonate). (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2004)