A new type of oxidation-reduction condensation of alcs. with sulfur, nitrogen, and oxygen nucleophiles by the combined use of Ph diphenylphosphinite (PhOPPh2) and oxidants such as azides or di-Et azodicarboxylate (DEAD) are described.In these reactions, chiral secondary and tertiary alcs. are converted into the corresponding chiral sulfides, azides, esters and ethers under mild and neutral conditions with almost complete inversion of stereochem. configuration.