The right combination: A catalytic asymmetric multicomponent reaction has been developed in which two stereogenic carbon centers are constructed in a single step (see scheme; erythro/threo 90:10, up to 80 % yield, 98 % ee). This type of enantioselective three‐component reaction generates α,β‐dihydroxy acid derivatives in good yields and with excellent enantioselectivities. Bn=benzyl.