Molecules which change their structures significantly and reversibly upon an oxidation or reduction process have potential as future components of smart materials. A prerequisite for such an application is that the molecules should undergo the redox-coupled transformation within a reasonable electrochemical window and lock into stable redox states. Sodium phosphaethynolate reacts with two equivalents of dicyclohexylcarbodiimide (DCC) to yield an anionic, iminofunctionalized 1,3,5-diazaphosphinane [3 a] À . The oxidation of this anion with elemental iodine causes an intramolecular rearrangement reaction to give a bicyclic 1,3,2-diazaphospholenium cation [6] + . This umpolung of electronic properties from non-aromatic to highly aromatic is reversible, and the cation [6] + is reduced with elemental magnesium to reform the 1,3,5-diazaphosphinanide anion [3 a] À . Theoretical calculations suggest that phosphinidene species are involved in the rearrangement processes.Selected archetypical examples for redox processes which are accompanied by significant structural changes [1] are shown in Scheme 1. The two-electron oxidation of the delocalized psystem of benzene forms the dication [C 6 H 6 ] 2+ , which converts to a Wade-Mingos cluster with a nido-structure (Scheme 1 a). While this dication has not been directly observed in the gas phase, [2,3] the [S 8 ] 2+ ion, with a rather weak trans-annular SÀS bond, can be formed from the twoelectron oxidation of the non-bonding electron pairs of S 8 and has been isolated and structurally characterized (Scheme 1 b). [4] In addition, the two-electron oxidation of the cage compound S 4 N 4 forms the planar aromatic dication [S 4 N 4 ] 2+ (Scheme 1 c). [5] Although p-conjugated heterocycles with low-valent phosphorus centers in the ring skeleton [6a] have potential as candidates to study redox-promoted structural changes because of their expected relatively low oxidation potentials, [6b] they have been little investigated. A rare example is the reductive annulation reaction of siloxybridged diphosphinines which was observed by Le Floch et al. (Scheme 1 d). [6c] Remarkably, the one-electron reduced intermediate with a 2-center-1-electron bond could be fully characterized. However, the chemical reversibility of these oxidation or reduction processes was not reported for any of these examples.Herein, we describe the chemically reversible redoxinduced annulation of a monocyclic phosphide anion to a bicyclic phosphenium cation, which involves the making and breaking of four bonds. These heterocycles were prepared using simple, easily accessible chemicals, and relatively mild reagents were used for the oxidation (I 2 , E8[I 2 /2I À ] = 0.54 V vs NHE; NHE = normal hydrogen electrode) and reduction processes (Mg, E8[Mg 2+ /Mg] = À2.36 V vs NHE). [7] When [Na(OCP)·(dioxane) x ] (1; x % 2.5, abbreviated as Na(OCP) herein) [8] and carbodiimides 2 a-c were allowed to react in a 1:2 ratio in THF, a clean reaction occurred in each case to yield one product [3 a-c] À . Products 3 a-c show a ...