One of the most fascinating chapters in organometallic chemistry concerns the interaction of transition-metal compounds with acetylenes. The number of different strange, unusual, and apparently unrelated types of molecules isolated from these reactions reminds one of the early days of organic natural product chemistry; the tale of the unravelling of their structures and of the elucidation of apparently tortuous mechanisms by which they are formed is reminiscent of a detective story. Clues abound, there are many red herrings, and the answer to the puzzle is seldom obvious even halfway through the problem.Interest in the general area was dramatically awakened by Reppe's discovery of the tetramerization of acetylene to cyclooctatetraene by a nickel catalyst.1 This was followed by extensive investigations of the structures of the multitude of complexes isolated from reactions of metal carbonyls and acetylenes, particularly by Hübel and his co-workers,2 and many others. These studies showed that a number of complex processes occur during such reactions, many involving polynuclear intermediates, and even today our understanding of that particular story is only