Phenylmalonyl dichloride reacted with 3-phenylpropynamide to give 4-hydroxy-5-phenyl-2-phenylethynyl-6H-1,3-oxazin-6-one. Treatment of the latter with hydrazine afforded 3,5-disubstituted 1,2,4-triazole. Reactions of 4-hydroxy-5-phenyl-2-phenylethynyl-6H-1,3-oxazin-6-one with methanol and ethanol led to formation of the corresponding malonamic acid esters. The structure of the products was proved by the 1 H and 13 C NMR and IR spectra, quantum-chemical calculations (PM3, MNDO, MINDO3), and some chemical transformations.