α-Aminophosphonates may be synthesized by the three-component condensation of oxocompounds, amines, and dialkyl phosphites or trialkyl phosphites. In the latter case, mostly water is the reaction medium and a catalyst is also needed. This approach has been studied critically by us, exploring the background of this version of the Kabachnik-Fields condensation. The possibilities for the Kabachnik-Fields condensation of benzaldehyde, benzylamine, and triethyl phosphite or diethyl phosphite including the accomplishment in water were studied in detail. C 2014 Wiley Periodicals, Inc. Heteroatom Chem. 25:282-289, 2014; View this article online at wileyonlinelibrary.com.