Bioconversion was utilized to conduct structural modification of the comple
x molecules FK-506 and ascomycin. Four interesting microbial reactions, reg
iospecific O-demethylation, glucosylation, hydroxylation, and phosphorylati
on, yielding various derivatives of the title compounds, were discovered fr
om screening more than thousand microorganisms including bacteria, actinomy
cetes, and fungi. The isolated compounds were evaluated for a better unders
tanding of structural and functional features responsible for their biologi
cal activity.