Summary. The PE. spectra of [2, Zlparacyclophane (1). 4-amino[2, 2lparacyclophane (2) and 1,1,2.2,9,9,1O,l0-octafluoro[2, Zjparacyclophane (3) are presented. The bands corresponding to ejection of the photoelectron from the five highest occupied n-orbitals have been assigned. The 'observed' orbital energies (i.e. the negative ionization potentials) axe discussed in terms of 'through spacc' and 'through-bond' interactions between the semi-localized n-orbitals (elr) of the benzene moieties and the C, C-a-orbitals of the ethylene bridges.The PE. spectrum of 3 shows that the fluorine-induced lowering of the C, C-a-orbital energy effectively 'turns-off' the 'through-bond' interaction. The resulting pattern of the first four bands confirms the assignment given for 1. with the theoretical predictions of Gleiter [3] this feature should be assigned to the three transitions of 1 to its radical cation l f i n the states1) 2Bzg, 2B3,, 2B3g. The second band at 9.5 eV was assigned to a transition to the 2BzU state of 1' .In the present contribution we wish to confirm and extend this assignment of the z-bands of 1, by making use of the information contained in the PE. spectra of the derivatives 4-amino[2,2]paracyclophane (2) and 1,1,2,2,9,9,10,10-0ctafluoro[2,2]-paracyclophane (3).