Scheme 1 2 1I aromatic compound in the hydrophobic cavity ofj? -cyclodextrin was reported by Breslow and Campell [12]. Since then, the cyclodextrins and their derivatives have attracted increasing interest in analytical chemistry [13]. They have been used as templates in order to mimic enzymatic reactions [14] and also simply to render lipophilic compounds water-soluble [ 131 [ 151. Surprisingly, however, except for one example, concerning the regioselective cleavage of adenosine 2',3'-cyclic phosphate [16], the regioselective hydrolysis of esters has not been reported. The cleavage of mand p -nitrophenyl-alkanoates has been studied extensively in the presence of cyclodextrins, and, in general, rate acceleration has been observed (k, > k,) which was attributed to the mode of substitution at the aromatic ring, distinctly stabilizing the transition state of hydrolysis [ 171. Recently, more systematic investigations revealed that the hydrolysis of certain phenyl esters also depend on the length of the aliphatic chain, if this part of the ester is introduced into the cavity of a second cyclodextrin. Accordingly, the reaction is either retarded or accelerated in the presence of a-andj? -cyclodextrin derivatives mainly due to the formation of 1 :I and 2 : 1 inclusion complexes [ 181.Results and Discussion. -In view of the remarkable properties of cyclodextrins to encapsule benzene derivatives [ 191, we anticipated that j3-cyclodextrin would sheathe the Ph groups in the meso -positions of tetraphenylporphyrin derivatives [20]. Thus, (alkyl-carbony1)oxy substituents in ortho -position of these Ph groups should be more resistant to hydrolysis than those in para -position. These peripheral ester moieties were considered to be more exposed to nucleophilic attack by HOin solution, or, in case of a suitable orientation of the cyclodextrin cavity, they would be prone to 'intramolecular' attack by one of the OH groups at C(2) and C(3) at the rim of the cyclodextrin [17], vide infra.