The new macrocyclic ligand 5,5'-ethane bis-(10,14-dihydroxo 12-thio,1,5,9-triazacyclotetradeca 1,9-diene) has been prepared and characterised. Its transition metal complexes have been prepared and characterised by Melting point, elemental analyses, molar conductence, electronic and IR spectral studies.Based on these studies, probable structures have been proposed for these complexes