Isatin and its derivatives are the natural heterocycles exhibiting a variety of biological activities [1] including antineoplastic [2,3], anticonvulsant [4], antiviral [5,6], and antibacterial [7] ones. Furthermore, structural features of the isatin molecule determine high reactivity of the endocyclic nitrogen atom and the 3-positioned carbonyl group leading to its widespread application in organic synthesis [8][9][10]. Thus, development of new approaches towards isatin functionalization is a promising research field. 1-Hydroxymethylisatin containing highly reactive hydroxyl group is among the promising substrates to do so [11].This work demonstrated the dual reactivity of 1hydroxymethylisatin I with respect to some C-, S-, and P-electrophiles. The reactions were carried out under the same conditions (benzene, 25°C) in the presence of equimolar amount of triethylamine. In particular, reaction of isatin I with chlorophosphinates II and III afforded new phosphinates IV and V with 57 and 81% yields, respectively, as the products of phosphorylation of the hydroxyl group. Their 1 H NMR spectra contained the doublets of the methylene proton signals in the range of 5.7-5.8 ppm with the coupling constants 3 J РН of 9.6-10.2 Hz. An unexpected result was obtained when attempting to introduce the allyl and tosyl groups into the molecule of I. In the both cases, 1-allylisatin VI and 1-tosylisatin VII were isolated as the only reaction product. The fact of Nsubstitution was confirmed by complete coincidence of the physical and chemical characteristics with those described previously in [12][13][14]. 1 H NMR spectra of the products contained no signals of methylene protons at 5.5 ppm (Scheme 1).