We studied the reactions of manganese and rhenium phenylvinylidenes Cp(CO) 2 MCC(H)Ph (Mn1 M = Mn; Re1 M = Re) with HP(O)R 2 (R = C 6 F 5 , Ph, and OEt) and HP(S)Ph 2 , which resulted in the selective formation of η 2 -Ephosphorylalkene complexes Cp(CO) 2 M{η 2 -E-H[R 2 (O)P]CC(H)Ph} (Mn2, Re2 R = C 6 F 5 ; Mn3, Re3 R = Ph; and Mn6, Re6 R = OEt) and Cp(CO) 2 M{η 2 -E-H[Ph 2 (S)P]C C(H)Ph} (Mn5, Re5). The DFT/B3LYP(6-31G*) analysis showed the model reactions of Mn1 with HP(O)Me 2 and HP(O) (OMe) 2 to proceed via the initial transition state Cp(CO) 2 {Ph(H)CC}Mn•••HO−PR 2 (TS1) where the minor PA form HO−PR 2 is hydrogen-bonded to the metal, followed by stereoselective (trans-to the phenyl group) addition of the PA phosphorus atom to the C α -vinylidene atom, which defines both the rate of the process and the anti-Markovnikov structure of the reaction product. The reactions can proceed at a relatively low content of the reactive PA form.