Keywords: Rhodium / Iridium / Phosphane ligands / Hemilabile ligands / Fluxionality[MCl(L 2 )] 2 (M = Ir, L 2 = 1,5-cyclooctadiene; M = Rh, L 2 = norbornadiene) reacts with [2-(1,3-dioxolane-2-yl)phenyl]diphenylphosphane (1) to afford [MCl(L 2 )(P~O)] (M = Ir, 2; M = Rh, 3), in which the ligand is P-monodentate. Complex 3 reacts with AgClO 4 to give [Rh(Nbd)(P ∧ O)]ClO 4 (4), in which the ligand is P,O-bidentate. Complex 2 is static at room temp., whereas 3 and 4 undergo intramolecular exchanges, which are fast at room temperature and slow at 223 K. The conformational changes in 4 are still fast at 223 K. Complexes 2-4 react with CO to afford trans-[MCl(CO)(P~O) 2 ] (M = Ir, 5; M = Rh, 6) or trans-[Rh(CO) 2 (P~O) 2 ]ClO 4 (7). Cyclooctadiene complexes react with PPh 2 (o-C 6 H 4 CHO) to afford [MClH(PPh 2 (o-C 6 H 4 CO))(P ∧ O] (M = Ir, 8; M = Rh, 9), in which 1 is chelating. Complex 8 contains a single diastereomer, is static in the 303-213 K range and reacts with CO to form [IrClH(PPh 2 (o-C 6 H 4 CO))(P~O)(CO)] (10). Complex 9 contains two diastereomers 9a/9b in a 95:5 ratio that [a]