Dedicated to Dr. Bohumil Štíbr on the occasion of his 70th birthday in recognition of his major contributions to cluster borane chemistry.Iodination of [closo-1-CB 7 H 8 ] -(anion 1) with elemental iodine under various controlled conditions yields a continuum from mono-to hexaiodinated derivatives including the previously unknown [closo-1-CB 7 H 5 -6,7,8-I 3 ] -(anion 5) and [closo-1-CB 7 H 2 -2,3,4,6,7,8-I 6 ] -(anion 8). These species, characterized by mass spectrometry and NMR spectroscopy, and, in the case of 8, by single-crystal X-ray diffraction, provide insight into the fluxional molecular behavior of anion 1 in solution. Investigation of direct electrophilic substitution on the carbonvertex of anion 1 using standard conditions and reagents (deprotonation by BuLi followed by addition of electrophile) proved futile, but the same conditions when using the new triiodo-deravitive anion 5 resulted in the formation of the first eight-vertex C-methylated carborane anion [1-CH 3 -closo-1-CB 7 H 4 -6,7,8-I 3 ] -(anion 9), in 60% yield.