The review analyzes published data on the transformations of epoxy derivatives into other oxygencontaining heterocyclic systems, such as cyclic ethers (including cage-like structures), dioxolanes, ortho esters, lactones, and cyclic carbonates, some of which occur in the nature and exhibit biological activity. Reaction mechanisms involving heterolytic, homolytic, enzymatic, and single-electron transfer processes, as well as [2+2]-and [3+3]-cycloadditions, are discussed.