In contrast to organic reactions, which can almost always be described
in terms of a single multiplicity, in organometallic systems, quite o
ften more than one state may be involved. The phenomenon of two states
of different multiplicities that determine the minimum-energy pathway
of a reaction is classified as two-state reactivity (TSR). As an exam
ple, the ion/molecule reactions of 'bare' transition-metal-monoxide ca
tions with dihydrogen and hydrocarbons have been analyzed in terms of
the corresponding potential-energy hypersurfaces. It turns out that, b
esides classical factors, such as the barrier heights, the spin-orbit
coupling factor is essential, since curve crossing between the high- a
nd low-spin states constitutes a distinct mechanistic step along the r
eaction coordinates. Thus, TSR may evolve as a new paradigm for descri
bing the chemistry of coordinatively unsaturated transition-metal comp
lexes. This concept may contribute to the understanding of organometal
lic chemistry in general and for the development of oxidation catalyst
s in particular.