The electrochemical reduction of octacyanophthalocyanine, MPc(CN)8 (where M = Zn, Cu, H2), was investigated in DMF at Hg and at solid gold or platinum electrodes. Four reversible, single-electron transfer steps were observed for each complex, which corresponded to formation of a mono-, di-, tri-, and tetraanion. Each reduction process was monitored by EPR spectroscopy, which indicated that only the ligand was electroactive. The effect of the eight cyano groups is to decrease the electron density on the ligand, which leads to an easier reduction for each process with respect to the unsubstituted phthalocyanine. The shift of half-wave potentials due to the introduction of eight cyano groups on the metallophthalocyanine ligand does not produce identical potential shifts for different phthalocyanine complexes as was observed in the case of metalloporphyrins. This is perhaps a consequence of the differences in aggregation and surface-active properties between the three phthalocyanines investigated in this study. However, all three species are reduced by four single-electron transfers to yield, ultimately, the formation of a tetraanion.