Both ketone‐ and ester‐stabilised phosphorus ylides undergo Michael addition to vinyl ketones to give the β,δ′‐dioxo ylides 3 and 5, respectively, although in the latter case careful temperature control is required to avoid an undesired side‐reaction. Under conditions of flash vacuum pyrolysis at 650 °C the ylides 3 generally undergo Ph3PO extrusion to afford the γ,δ‐alkynyl ketones 14, although these are found to partly undergo a secondary fragmentation. In contrast, the ylides 5 react under the same conditions to give the synthetically useful 1,3‐dienes 20 by way of cyclobutenes. Rate constants for the reaction of selected ylides 3 and 5 are reported. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2003)