Over the past decade, the use of hypervalent iodine reagents [1] has gained importance as a safe alternative to heavy-metal reagents for performing a variety of organic transformations. In view of recent demands for ecologically friendly chemical processes in the agrochemical and pharmaceutical industries, polymer-supported hypervalent iodine reagents should be a new and useful tool as a result of their versatility, low toxicity, high yields, simple work-up procedures, and recyclability. Accordingly, Togo and co-workers, [1h, 2] Ley and co-workers, [3] and we [4] demonstrated that both poly(diacetoxyiodo)styrene (PDAIS) [5] and polybis(trifluoroacetoxyiodo)styrene (PBTIS) exhibit reactivities similar to those of phenyliodine diacetate (PIDA) and phenyliodine bis(trifluoroacetate) (PIFA), respectively, and utilized them as environmentally benign replacements for I III reagents such as PIDA, PIFA, and iodosyl benzene (PhIO) (Scheme 1).Despite the utility and versatility of these polymersupported reagents, they still have several drawbacks: 1) the loading efficiency of I III sites is difficult to control, which has made the marketing of polymer-supported iodine reagents difficult; 2) the degradative loss of resin is accompanied by benzylic oxidation of the polystyrene chain after repeated use; and 3) they are much less reactive than the corresponding monomeric forms owing to steric hindrance of the reactive sites as well as their low solubility in various solvents. Therefore, slightly vigorous conditions and/or an excess amount of reagents are generally needed. Herein we report the preparation and characterization of a novel, recyclable, and nonpolymeric hypervalent iodine(iii) reagent, 1,3,5,7-tetrakis[4-(diacetoxyiodo)phenyl] adamantane (1), and its derivatives. As a part of our continuing research into the development of new hypervalent iodine compounds, we planned to synthesize an unprecedented tetrahedral I III compound 1, which should be a precursor to build a unique hypervalent iodine-based supramolecular structure as well as a new oxidizing agent. We prepared 1,3,5,7-tetrakis(4-iodophenyl)-adamantane (2) in good yield in two steps from commercially available 1-bromoadamantane according to a literature procedure.[6] Oxidation of 2 by conventional methods [7] with peracetic acid (30 % H 2 O 2 and acetic anhydride), sodium perborate (NaBO 3 ) in acetic acid, or sodium periodate (NaIO 4 ) unexpectedly gave 1 in low yield, accompanied by poorly soluble and unidentifiable polymeric products. After further investigations, we finally succeeded in synthesizing 1 in 97 % yield by using m-chloroperbenzoic acid (MCPBA) in CH 2 Cl 2 /AcOH (1:1) under dilute conditions (Scheme 2).Adamantane 1 was fully characterized by single-crystal Xray analysis [8] as well as elemental and spectroscopic analysis. A single crystal of 1 suitable for X-ray crystallographic analysis was obtained through slow growth by the vapor diffusion from CH 2 Cl 2 /AcOH/hexanes. Figure 1 reveals the geometry around the iodine in 1 to be a p...