Starting from (+)‐5β‐hydroxycyclopenten‐2‐yl‐1β‐acetic acid γ‐lactone (1), (+)‐1β‐methoxycarbonylmethyl‐2β, 3β‐(p‐nitrobenzylidene)‐dioxycyclopentan‐5‐one (7) was prepared within 4 steps. Subsequent cleavage of the latter gives (−)‐3β‐hydroxy‐1‐methoxy‐carbonylmethylcyclopent‐1‐en‐5‐one (8a). Hydroxylation of the lactone (1) was found to give (+)‐2β,3β,5β‐trihydroxycyclopentyl‐1β‐acetic acid γ‐lactone (2a) with cis‐oriented hydroxy groups in respect to the lactone ring. No formation of the trans‐isomer, as has been reported earlier [4], was observed.