Catalytic cycloisomerization of enynes has been accomplished in the presence of an Ni0-PPh3-Zn-carboxylic acid or -ZnCl2 system. A nickel(I)-hydride complex, thought to be generated by reduction of the protonated nickel(II) complex with Zn, is proposed as the catalytic species. This cycloisomerization shows reactivity behavior that is different from that of a conventional metal-catalyzed reaction. In particular