A novel one-pot procedure for the stereoselectivesynthesis of α-hydroxy estersfrom ortho esters was developed. Key steps were multi-heteroatom Cope rearrangements of O-acylated N-hydroxy-l-tert-leucinol-derived oxazoline N-oxides leading to α-acyloxy oxazolines and, after methanolysis, to the target molecules in 67−80% yield and 94−98% ee.