The detailed mechanism by which ethylene polymerization is initiated by the inorganic Phillips catalyst (Cr/SiO 2 ) without recourse to an alkylating co-catalyst remains one of the great unsolved mysteries of heterogeneous catalysis. Generation of the active catalyst starts with reduction of Cr VI ions dispersed on silica. A lower oxidation state, generally accepted to be Cr II , is required to activate ethylene to form an organoCr active site. In this work, a mesoporous, optically transparent monolith of Cr VI /SiO 2 was prepared using sol-gel chemistry in order to monitor the reduction process spectroscopically. Using in situ UV-vis spectroscopy, we observed a very clean, step-wise reduction by CO of Cr VI first to Cr IV , then to Cr II . Both the intermediate and final states show XANES consistent with these oxidation state assignments, and aspects of their coordination environments were deduced from Raman and UV-vis spectroscopies. The intermediate Cr IV sites are inactive towards ethylene at 80 °C. The Cr II sites, which have long been postulated as the endpoint of CO reduction, were observed directly by high-frequency/high-field EPR spectroscopy. They react quantitatively with ethylene to generate the organoCr III active sites, characterized by X-ray absorption and UV-vis spectroscopy, which initiate polymerization.