Nearly two decades of work on ring-contraction reactions is discussed in this account. We have developed several reliable protocols for the rearrangement of a number of different substrates using thallium(III) salts and, more recently, hypervalent iodine(III) reagents. A variety of ring systems, such as cyclopentanes, cis-and trans-hydrindanes, and indanes, can be obtained using these methods. Additionally, the stereoselective total syntheses of the sesquiterpenes (±)-, (-)-and (+)-mutisianthol and (+)-bakkenolide A, the indole alkaloid (±)-and (+)-trans-trikentrin A, and the potential drug (±)-indatraline have been achieved through a ring-contraction approach. 1 Introduction 2 Ring-Contraction Reactions Promoted by Thallium(III) 2.1 Thallium(III)-Mediated Ring Contraction of Cyclic Ketones 2.2 Thallium(III)-Mediated Ring Contraction of Cyclic Olefins 2.3 Thallium(III)-Mediated Ring Contraction of Homoallylic Alcohols 3 Ring-Contraction Reactions Promoted by Iodine(III) 4 Conclusion Key words: total synthesis, ring contractions, oxidative rearrangements, thallium(III), hypervalent iodine O TTN (1.1 equiv) CH 2 Cl 2 , r.t., 24 h CO 2 H 87% O TTN (1.5 equiv) CH 2 Cl 2 , r.t., 48 h CO 2 H 65%