Reaction of [Cp*Fe(CO)2I] (Cp* = η5-C5Me5) with an excess amount of BH3·thf in toluene at 75 °C or with LiBH4 at -78 °C leads to the isolation of hydrogen-rich ferraborane arachno- [Cp *Fe(CO)B3H8] in good yield. In a similar fashion, reaction of [Cp*M(CO)3Cl] (M = Mo and W) with an excess amount of BH3·thf at 80 °C or at -78 °C with LiBH4 yielded metallaboranes [(Cp*M) 2B5H9] (M = Mo, W). Isolated yields of closo-[(Cp*M)2B5H9], (M = Mo and W), both from LiBH4 and BH3·thf, are good. All compounds were characterized in solution by IR, 1H, 11B, and 13C NMR spectroscopy and mass spectrometry and the structural types were unequivocally established by crystallographic analysis of arachno- [Cp*Fe(CO)B3H8]. (© Wiley-VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2009).