Transition metal-catalyzed isomerization and rearrangement reactions of unsaturated systems provide access to structural motifs not accessible through their thermal counterparts. This is exemplified by the numerous applications of transition metal-catalyzed Alder-ene reactions of 1,6-and 1,7-enynes for the synthesis of cyclopentyl and cyclohexyl ring systems. 1 The corresponding skeletal rearrangements of simple 1,5-enynes are much less studied. Berson and co-workers conjectured that the thermal rearrangement of 1,5-enyne 1 proceeds via bicyclo[3.1.0]hexene 2 to afford toluene and triene 3 as the major constituents of a complex mixture. 2 Scattered reports of transition metal-catalyzed isomerizations of 1,5-enynes 3 exist; however, these generally employ enol ethers as the ene component. 4,5 While enols are expected to be excellent nucleophiles, 6 we were intrigued by the possibility that metal-alkyne complexes could be electrophilic enough to react even with simple olefins and catalyze processes related to the thermal rearrangement.To this end, treatment of 1,5-enyne 4 with 1 mol % palladium-(II) or platinum(II) complexes returned mainly starting material (eq 2). Both silver(I) tetrafluoroborate and triphenylphosphinegold(I) chloride failed to catalyze the rearrangement of 4. On the other hand, the combination of these two complexes 7 rapidly (5 min) and cleanly produced bicyclo[3.1.0]hexene 8 5, an olefin isomer of the proposed intermediate (2) in the thermal isomerization. In sharp contrast to the gold(I)-catalyzed cyclizations of ω-alkynyl -ketoesters, 9 none of the competing 5-exo-dig cyclization to afford an exo-methylene product was observed. Finally, gold(III) chloride also catalyzed this reaction, however, with significantly lower conversion. On the other hand, 5% AuCl 3 with 15% AgOTf gave complete conversion; however, this was accompanied by a substantial amount of decomposition.