The reaction of α-diazoacetophenone (1) with methanolic sodium methoxide in dilute solution gives 3-benzoyl-5-hydroxy-4-phenylpyrazole (4), 3-benzoyl-4-hydroxy-5-phenyl-pyrazole (5), 3-benzoyl-5-methoxy-4-phenylpyrazole (9), 3-benzoyl-4-phenylpyrazole (6), 5-benzoyltetrazole (7), 3,6-dibenzoyldihydro-s-tetrazine (10), cis- and trans- β-benzoyl- α-phenyl-acrylic acid, acetophenone, methyl benzoate, and benzoic acid. The pyrazoles 4, 5, and 9 are considered to arise via reaction of 1 to give α-methoxyacetophenone followed by further reaction of the anion of the latter with 1. Evidence in accord with this view was obtained by a study of the products formed when 1 was treated with methanolic sodium methoxide in the presence of 2-methoxy-4′-methylacetophenone. Acetophenone is considered to arise by reduction of 1 via phenylglyoxal 2-monohydrazone (37); condensation of 1 with the enolate ion derived from acetophenone then can give the pyrazole 6, while condensation of 1 with 37 could give the tetrazole 7.