This and the companion paper are dedicated to Professor Duilio Arigoni on the occasion of his 75th birthday.His work on the structures of natural products and the mechanisms and stereochemistry of biochemical processes strongly influences our course of study. Non scholae sed vitae discumus.(Hydroxymethyl)acylfulvene (HMAF, irofulven; 4), a third-generation derivative of a natural product extracted from the mushroom Omphalotus illudens, is selectively toxic towards certain forms of malignant tumors. Conversion of HMAF and cognates to stable aromatic derivatives is triggered by thiol attack in vitro and in vivo. Quantum-chemical methods predict well the structure for several functionalized derivatives of irofulven as compared to known X-ray crystallographic structures. Computational reaction profiles for thiol attack and aromatic rearrangement of irofulven and illudin S, a toxin from which irofulven is derived, provide insight into HMAF×s selectivity and toxicity. Methods used include hybrid density-functional theory (HDFT), HartreeÀFock (HF), and M˘llerÀPlesset second-order perturbation theory (MP2). Solvent effects have been explored by means of the new continuum-solvation method, COSab, presented in an accompanying paper.