KEYWORDS N-heterocyclic Phosphenium complexes -NO complexes -π-acceptor ligandselectronic structure -ligand centered reactivity ABSTRACT. N-heterocyclic phosphenium (NHP) and nitrosonium (NO + ) ligands are often viewed as isolobal analogues which share the capability to switch between different charge states and display thus redox 'non-innocent' behavior. We report here on mixed complexes [(NHP)M(CO)n(NO)] (M = Fe, Cr; n = 2, 3), which permit evaluating the donor/acceptor properties of both types of ligands and their interplay in a single complex. The crystalline target compounds were obtained from reactions of N-heterocyclic phosphenium triflates with PPN[Fe(CO)3(NO)] or PPN[Cr(CO)4(NO)], respectively, and fully characterized. The structural and spectroscopic (IR, UV-VIS) data support the presence of carbene-analogue NHP ligands with overall positive charge state and π-acceptor character. Even the structural features of the M-NO unit were in all but one product blurred by crystallographic CO/NO disorder, spectroscopic studies and the structural data of the remaining compound suggest that the NO units exhibit nitroxide (NO -) character. This assignment was validated by computational studies, which reveal also that the electronic structure of iron NHP/NO-complexes is closely akin to that of the Hieber anion, [Fe(CO)3(NO)] -. The electrophilic character of the NHP units is further reflected in the chemical behavior of the mixed complexes. Cyclic voltammetry and IR-SEC studies revealed that complex [(NHP)Fe(CO)2(NO)](4) undergoes chemically reversible one-electron reduction. Computational studies indicate that the NHP unit in the resulting product carries significant radical character and the reduction may thus be classified as predominantly ligand-centered. Reaction of 4 with sodium azide proceeded likewise under nucleophilic attack at phosphorus and decomplexation, while super hydride and methyl lithium reacted with all chromium and iron complexes via transfer of a hydride or methyl anion to the NHP unit to afford anionic phosphine complexes. Some of these species were isolated after cation exchange, or trapped with electrophiles (H + , SnPh3 + ) to afford neutral complexes representing the products of a formal hydrogenation or hydrostannylation of the original M=P double bond.