Reactions of 2-phospholene 1-oxides with N-bromoacetamide in aqueous organic solvent produced 2-bromo-3-hydroxyphospholane 1-oxides, which reacted with sodium salts of dialkyl phosphonates to afford novel 2-phosphinoylphospholane 1-oxide derivatives. A 4-phosphin-oyl-2-phospholene derivative was also prepared.