Hydrogen abstraction from 1‐phenylethanol by triplet acetophenone occurs from both CH and OH bonds. The reaction path of the Interacting‐State Model (ISM) is used with the Transition‐State Theory (TST) and the semiclassical correction for tunnelling (ISM/scTST) to help rationalizing the experimental kinetic results and elucidate the mechanisms of these reactions. The weak exothermicity of the abstraction from the strong OH bond is compensated by electronic effects, hydrogen bonding and tunnelling, and is competitive with the more exothermic abstraction from the α‐CH bond of 1‐phenylethanol. The alkoxy radical formed upon abstraction from OH reacts within the solvent cage and the primary product of this reaction is 1‐phenylethenol. The corresponding kinetic isotope effect is ca. 3 and is entirely consistent with a tunnelling correction ca. 9 for H abstraction. We therefore demonstrate that the tunnelling correction is the major contributor to the kinetic isotope effect. Copyright © 2010 John Wiley & Sons, Ltd.