The catalytic techniques that degrade polysaccharides such as cellulose and elaborate the resulting monomers into organic feedstocks in situ make up an old area of research that has been reignited of late. One-pot conversions of polysaccharides into small organic molecules under acidic, basic, oxidative, reductive and hydrothermal conditions have been reported, and a remarkable breadth of compounds have been produced. 5-Hydroxymethylfurfural (HMF), levulinic acid and polyols such as sorbitol have been obtained in particularly high yields, whereas serious selectivity struggles remain in reactions that produce organic acids such as lactic or glycolic acid. This review covers one-pot, catalytic transformations of polysaccharides into small organic molecules and focuses on mechanism, selectivity and optimization.