Photolysis of [{(μ 3 -BH)(Cp*Ru)Fe(CO) 3 } 2 (μ-CO)] (1; Cp* = η 5 -C 5 Me 5 ) in the presence of various alkynes such as 1,2diphenylethyne, 1-phenyl-1-propyne, 2-butyne, and 1-(diphenylphosphino)-2-phenylacetylene led to the formation of four types of novel heterometallic metallacarboranes, 5). Cluster compound 2 exhibits an octahedral structure with adjacent carbon atoms consistent with its skeletal electron pair (sep) count of 7. The cage geometry of 3 and 4 is based on a pentagonal bipyramid with one additional {Cp*Ru} vertex capping one of its faces. The solid-state X-ray diffraction results of 5 suggest that the core geometry is a capped pentagonal bipyramid, with an Fe−C bridging PPh 2 group. All the cluster compounds 2−5 have been characterized by IR and 1 H, 11 B, and 13 C NMR spectroscopy, and the geometries of the structures were unequivocally established by crystallographic analysis.