Two platinum(II)-catalyzed heterocyclization-migration reactions that provide five-membered heterocycle products are described. With 5 mol-% of PtCl 2 as a catalyst, 2-alkynyl-2-hydroxy carbonyl compounds 1 are converted into 3(2H)-furanones 2 at 80°C in moderate to excellent yields under very mild reaction conditions. The reaction is proposed to proceed through an oxonium ion intermediate B, which triggers a stereospecific 1,2-shift analogous to an α-ketol rearrangement. When exploited in a different manner, the 2-alkynyl-2-hydroxy carbonyl compounds 1 afford 3-pyrrolones 3 in 33-81 % yield. For this purpose, the starting compounds 1 are