An efficient method is reported for the reaction of alcohols or thiols with trialkylphosphitesi nt he presence of aP Ph 3 /2,3-dichloro-5,6-dicyano-1,4-benzoquinone (DDQ) mixed reagent system for the preparationo ft rialkyl phosphonate derivatives. The reactions were performed in refluxing acetonitrile to deliver high yields of the title compounds.