Electron density distributions for oxiranone and hydroxyoxiranone have been analysed in vacuo p)] and in water [SCI-PCM/MP2/6-31+G(d,p)//HF/6-31+G(d,p)] and compared with those for cyclopropane, cyclopropanone, and oxirane. Oxiranone possesses a ring critical point in vacuo, and may be considered as an α-lactone with considerable ionic character in the endocyclic C α -O n bond. In water, oxiranone has neither a ring critical point nor a bond critical point for C α -O n , and may be considered as a zwitterion, whose carboxylate group has a net charge of Ϫ0.63. Geometrically, however, the molecule still possesses an acute-angled three-membered ring with a C α CO n angle of only 69Њ. Electronically, hydroxyoxiranone is acyclic and zwitterionic even in vacuo, but geometrically it still looks like an α-lactone.