To probe the effect of external cyclopenta-fusion on a naphthalene core, ab initio valence bond (VB) calculations have been performed, using strictly atomic benzene p-orbitals and p-orbitals that are allowed to delocalize, on naphthalene (1), acenaphthylene (2), pyracylene (3), cyclopenta[b,c]-acenaphthylene (4), fluoranthene (5), and cyclopenta[c,d]fluoranthene (6). For the related compounds 1-4 and 5,6 the total resonance energies (according to Pauling's definition) are similar. Partitioning of the total resonance energy in contributions from the possible 4n + 2 and 4n π-electron conjugated circuits shows that only the 6π-electron conjugated circuits (benzene-like) contribute to the resonance energy. The results show that cyclopenta-fusion does not extend the π system in the ground state; the five-membered rings act as peri-substituents. As a consequence, the differences in (total) resonance energy do not coincide with the differences in thermodynamic stability. Notwithstanding, the relative energies of the Kekulé structures can be estimated using Randić's conjugated circuits model.