Abstract. For a bounded and sectorial linear operator V in a Banach space, with spectrum in the open unit disc, we study the operator e V = ∞ 0 dα V α . We show, for example, that e V is sectorial, and asymptotically of type 0. If V has single-point spectrum {0}, then e V is of type 0 with a single-point spectrum, and the operator I − e V satisfies the Ritt resolvent condition. These results generalize an example of Lyubich, who studied the case where V is a classical Volterra operator.