The thermal rearrangement of antifungal antibiotic 1, isolated from Polyangiwn cellulosum var. fulvium, to cycloheptadiene derivative 2 is described. We recently described1,2) the isolation and structure elucidation of two antifungal antibiotics from Polrangirum cellulosum var. fultiwm. The antibiotics were highly active against pathogenic fungi such as Histoplasma capsulatum and Coccidioides immitis. In a search for new antifungal antibiotics by chemical modification and to gain structural information, antibiotic 11) was thermally rearranged to cycloheptadiene derivative 2 in diphenyl ether at 240-C. It is well known3) that divinylcyclopropanes rearrange to cycloheptadienes and that cis divinylcyclopropanes rearrange at room temperature. Acid 1 is probably the most complex divinylcyclopropane to be transformed to the corresponding cyclohepta.diene. The rearrangement product, acid 2, had greater TLC mobility than 1, but gave a similar mass spectrum fragmentation pattern with a molecular ion at 474 (C28H42O6). Acid 2 was converted to monomethyl ester 3, diacetate 4 and trio] 5. In these reactions the behavior of 2 parallels that of 1. The products (3, 4 and 5) had greater TLC mobility than the corresponding products from 1. Acid 2 and its derivatives showed a strong M-195 peak as well as a strong 193 peak, whereas 1 and its derivatives showed a strong 193 peak but a much weaker M-195 peak. This was the only major difference in the mass spectra of the two sets of compounds. The 1H NMR spectrum of diacetate 4