For the first time, asymmetric 1,4-addition of various malonates to enones has been carried out using tetrabutylammoniumtetrahydroborate (TBATB) in the presence of a chiral ligand. The Michael adducts were formed in reasonably good yields (61-67%) with moderate ee's at 0°C. 11B NMR spectroscopic studies explain this unexpected reactivity through the predominant formation of an aminodiol modified borate complex in the presence of a hydride acceptor. © 2005 Elsevier Ltd. All rights reserved.