The macrobicycle receptor L 4 , derived from 1,10-diaza-15-crown-5 incorporating a phenol Schiff-base spacer, forms stable complexes with lead(II). In [Pb(L 4 )(ClO 4 )](ClO 4 )· CH 3 CN (1), the lead(II) ion is asymmetrically placed at the one end of the macrobicyclic cavity, because of the intramolecular hydrogen bonding interaction that occurs between an imine nitrogen atom and the phenol group. This asymmetric position of the metal ion inside the macrobicyclic cavity induces chirality in this system. Variable temperature 1 H NMR spectroscopic experiments indicate that the asymmetric coordination of the metal ion inside the macrocyclic cavity is maintained in acetonitrile solution, but a translocation of the Pb II ion from one end of the macrobicyclic cavity to the second one occurs. This dynamic behaviour, which corresponds to the interconversion between the two possible enantiomeric forms of the complex, is fast on the NMR timescale at 320 K but slow at low temperatures, and we have estimated