The dynamic behaviour of twelve polysubstituted derivatives of [Ir4(CO) has been investigated in solution, using 2D-EXSY, and VT-,'P-and I3C-NMR. [Ir,(C0)6(u2-CO),(r14-diarSine)PPh,] and [Ir4(CO)6(u2-CO)3(q4-norbornadiene)(PMePh2)] exhibit two isomeric forms in solution, which interconvert through an intramolecular change of basal Face. The related cluster [Ir4(CO)60(2-CO),(~4-norbornadiene)PPh,] exists as a single isomer in solution. It displays rotation of CO ligands about the apical Ir-atom, followed by two consecutive changes of basal face. The tetrasubstituted clusters with two chelating ligands [Ir4(CO)sb ,-CO),(~4-diolefin),] also exhibit rotation of apical CO's, the activation energy increases with greater steric hindrance of the radial ligands. A quantitative analysis of the 31P-and I3C-2D-EXSY spectra followed by simulation of the corresponding VT-NMR spectra of [Ir4(CO)s(u ,-CO),(u *-L)*] (L = bis(dipheny1phosphino)methane and 1,3-bis(diphenyIphosphino)propane) revealed a pairwise averaging of the P-atoms, caused by two parallel changes of basal face averaging all CO ligands. In addition, the restricted rotation of ligands about the apical Ir-atom was identified at higher temperatures. The remaining clusters are either rigid on the NMR time scale, or display CO-scrambling about a single Ir-atom.